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

To: LTK007 who wrote (14035)	8/11/1999 1:57:00 PM
From: Dr. David Gleitman	Respond to of 29970

You're observations about day trading ring true. One of the problems with day trading is that it has to be performed in an environment of an upward bias. This was the case for the first four months of this year. After April, there was a negative bias towards Internet stocks and the like. It didn't take a rocket scientist to make money day trading with the market demonstrating a stronger positive bias where anything with a word ".com" would shoot up to incredible multiples. Many of us (including myself) got caught up in the frenzy, only to pay for it later. From my experience in day trading, one has to take the contrarian view in order to make it work. One also must have the discipline to know when to cut their losses (I'm still trying to learn that one). Also one must not have to subscribe to selling their positions at the end of the day. If the stock works for you, keep it in play. Now with regards to excite@home, I new to this thread. My attention was called to the stock by Worden TC 2000 tele- scan system. Unfortunately, when I picked up the stock at 42 it seems to know no other direction but down. Anybody have any comments or feelings about the stock, short-term and long-term? My thanks, in advance for your input. David