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

To: FNS who wrote (17073)	11/17/1999 6:21:00 PM
From: Steven Ivanyi	Read Replies (2) \| Respond to of 29970

<<Well, not sure what your position is...! But 50 is also a 2T and 52 is another old top...the important point is that 51 would be a major breakout since it reverses the trend to positive. Yes, there's resistance up the line but I suspect that this could be chewed up as it approaches the 67 range by mid '00! How's that for a target?>> Well, I have to agree with you there: breaking 51 would be a major technical event, because it would signal a definite trend reversal. However, about the 67 I can't project that far into mid 2000. To many variables involved here to guesstimate what the stock will be trading six months from now. But my feeling is that if this 50 or 51 area is taken out definitively then the stock could go to 67 in a few weeks because of lack of resistance and a new found euphoria about ATHM by the general investing public. I would short at that level as I did the last time it went to 50. I shorted between 48 and 49 1/2. Covered the whole thing below 40. However, if the momentum is there and the stock stays above 50, I would cover and go long for sure.