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

To: FR1 who wrote (20958)	4/16/2000 6:40:00 PM
From: ahhaha	Respond to of 29970

After the '87 crash a lot of corporations knew it was a computer generated sham and so they somewhat boldly declared that they would buy back shares. It was a low risk honorable and wise thing to do. Many did. We don't have a similar circumstance here because the NAZ stocks which have tenuous valuations are the main victims. They aren't in a financial position to be buying back shares. Att is in a somewhat similar situation because they overextended themselves with all the excess deal making and so don't have extra cash to buy ATHM. It would be a very smart thing to do, but questionable purchases like that of UMG, has painted them into a corner. This is one of the reasons why you want to keep a good cash position. It provides the flexibility needed to act to take advantage of opportunity. If Att tried to buy ATHM in the open market, the stock would race up and the effort would be somewhat self-defeating. ATHM has a free ride to 48. They're literally giving away money and all those people who sold on the way down just didn't care. They don't want money. The stock should be hovering around 43 because of the unavoidable fact of the forces operating at 48. It is astonishing that all these finance geniuses who depend so much on leverage for their clever machinations, seem to miss this obvious giveaway. Maybe I just don't understand all that complicated stuff where Gekko out foxes Wildman with stock market financial gobble-de-gook. It's so complicated that you have to know arithmetic to grasp it.