Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: Jing Qian who wrote (13695)	8/7/1999 1:31:00 AM
From: ahhaha	Read Replies (1) \| Respond to of 29970

I kept my comments to your judgement of ATHM. You have a long way to go before you develop the skill to manage investment. You'll have to learn about buying on the way down the hard way. How it will work with ATHM is a rally will ensue and you will lose your concern about the downside. It is extremely hard to retain the objective attitude when everyone starts developing irrational exuberance. That's the fun of the stock market just like it is in the casino. Making money is not fun. If you're having fun, you're already starting to lose and you can't see it. Then the market and ATHM will get back on the main trend which I claim is down. ATHM is likely to break recent lows and this will make you even more pessimistic. Why am I so sure it will work out like this when I always say that no one can predict the future? Because this is the future that people are choosing. The evidence is that in spite of the fact that techs have had a nasty down move, there is very little bearish sentiment. I don't mean based on put/call and somebody's survey. Those are completely useless. All you have to do is go to any Net stock thread and what you see is hope. The market goes down until there is no hope. The future that is selected is the one that gets the market as far down as possible while hope still lives. This has nothing to do with the fundamentals of ATHM. The fundamentals can make ATHM vary in PE of 50, +-5, but sentiment can vary the PE +-20. So at the bottom based on my $.63/shr you're looking at a $20 stock ceteris paribus. For whom is this relevant? Anyone looking at the price more often than once every 3 years. 99% of stocks whose companies survive for 20 years see their stocks rise 50 to 100 times. If you start early and don't sell, getting rich in the stock is almost unavoidable. The alternative is nothing but a trail of tears ending up in Georgia. NSCP committed suicide for the same reason as Billy Budd. They both were too good and sacrificed themselves to prove unfairness exists in the world. I use both browsers. IE crashes Windows more often than NSCP. As a programmer I see NSCP with the solidity of a DOS-like product whereas IE is gui fumble-bumble. IE is faster, but not sharper. It is the difference between C++ and C. NSCP had the lead and has remarkably kept share though IE has the slightly bigger chunk. MSFT didn't make a better product, they gave their's away free because they had the financial lead from other products and that made NSCP believe they could not compete profitably. I don't believe that. NSCP was developing a vers for LINUX. Had they stayed with it, they could have turned tables against MSFT and used the browser to eat up MSFT's OS lead with an open systems NSCP Linux OS, NETUX. Netux would have swept the world in five years and MSFT would be bagged by the structure of false success of Windows. Windows is a disgrace to programming, but Netux could have restored the confidence in the reliability of the machine. NSCP management flushed all that away because they were weaklings. Hope you see why I make a big deal about the loose rudder at ATHM.

To: Jing Qian who wrote (13695)	8/7/1999 9:01:00 AM
From: re3	Read Replies (2) \| Respond to of 29970

good day Jing... i read this post and would like to offer the following : there is a canadian financial / insurance stock that is considered a mini berkshire hathaway of sorts...i won't mention the name here, but will give it to you privately if you wish...the point is, the fellow who runs it has done amazing things with the stock and the company, and is considered to be a bright bright man...the stock started to slip a bit and there were shareholder concerns at the annual meeting...Many investors noted the company's track record but found the company complicated to analyze...but, the newbies kept on insisting the ceo is smart, very smart and he'll 'get things back on track'... the stock fell 25-30 % this week on bad earnings...it is now down over half from its peak...now it has to rise 100 % b/4 newbies who bought at the top can even break even... because of these occurrences, i no longer buy stock because 'so and so' is smart, 'so and so can turn it around' , or 'so and so knows what needs to be done'...i don't like relying on people to run companies... instead i suggest companies with such strong franchises that even Barney Rubble couldn't screw them up... i would sell this stock if i were you , but, hey all the best... ike