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

To: FNS who wrote (17097)	11/18/1999 12:04:00 AM
From: Steven Ivanyi	Respond to of 29970

<<Bottomline is that we agree...but I'm too scared to short the stock at 50 or 60! Fundamentals and technicals are positive!>> I have shorted stocks,including ATHM which I adore, with great fundamentals and technicals but only on a short term basis, preferably on an intraday basis. The scary part is when you go short for a longer term you can really get burned if you don't exerise money management. ie take a certain predetermined loss if you have to. I once got totally burned a few years ago with a stock. I shorted on a Friday. There were some rumors of a buyout and the stock rallyed and I shorted into the rally. Toward the end of the day the stock closed on the low end and I had a profit in it. So I thought great let's carry it over the weekend. Monday morning a buyout was announced at something like a 40% premium. My account got pretty trashed to say the least. But all in all, I wouldn't short ATHM for the longer term at this point. But shorting is fun too. Steven