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

To: Jing Qian who wrote (15549)	9/26/1999 12:46:00 AM
From: ahhaha	Read Replies (2) \| Respond to of 29970

Thanks, maybe I can say something you'll like more: ATHM stock doesn't want to fall any more. It's starting to base. It is likely that starting Monday morning the stock will rally. However, it will be a bear market rally. That's ok because it is also the case that the reaction to the rally should be contained. Should a new investor attempt to buy now? Get out your coin. My own style is to wait and see what develops. This means I buy at higher prices. Every trade data has not given a buy so it's just my guess based on too many factors to mention. The daily price range is under compression and that is usually indicative of entry into a sold out base. As I've mentioned before it is wise to wait for a stock to break up out of the base before committing. This may not happen appropriately until January or later. You must remember that you should not expect much. The stock is still overvalued. The bull doesn't die easily and there are too many spotting bears. Oil price rise has induced a kind of pseudo-deflation that has taken the wind out of too rapid macro demand ramping. This by no means reverses the propensity to inflate, but it does delay it for awhile. When the awhile is over the bear will pounce with greater ferocity. Maybe between now and then ATHM can put value in the stock so that no lower price needs to be explored. That would be enough.