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

To: KailuaBoy who wrote (18454)	1/5/2000 8:14:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 29970

No. They'll buy if others start running it up. It's a snowball type of environment. I don't want it unless you want it, and then I want it big time. This has been the history of this stock. One thing I can say that is factually correct because I keep the every trade data which tells me what people are doing. Simply stated, the stock is sold out. When a block is sold market there isn't much price concession. Some institutions are absorbing quite a large quantity of stock. The flow characteristic changes daily but recently there has been an unusual quantity of public selling and the selling is going into strong hands underneath. A price dynamic is not one-sided. There also has to be a constructive buy side for price to advance. It isn't there or more accurately, buying doesn't persist. Whenever a buy run starts developing another load of public selling knocks it back down. This is a classic accumulation phase. What makes this frustrating is that while you wait for some news event to change the state, there is opportunity cost loss. You could be chasing some other lovely, but you're married to this dog. It is for this reason I advocate maintaining a cash position and that requires that you sell another play which has been bid up or bid down. The cash enables you to get a piece of the action while you pray the big dog will bark. What does the every trade data say is the next girl everyone will be trying to get outside of the movie starlets? ISP or ISP related.