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

To: ayahuasca who wrote (20973)	4/17/2000 1:48:00 PM
From: ahhaha	Read Replies (2) \| Respond to of 29970

You shouldn't buy until this downside ends, bounces up substantially, and then goes down for a successful test. It is very difficult to know when the successful test is successful. In any case it's going to take some time to accomplish this. You want so badly to buy isn't a good sign. Ralph Bloch mentioned this morning that as long as this attitude persists in you, the market will persist downward. There is much to be said for this view. That's often how it works, but at this point, there is a very rapid rise in bearish sentiment as you can hear on CNBC. I think we're sliding home now. Most of the greed has been squeezed out. Bloch's sentiment requirement can be accomplished by sideways action. People will grow progressively bearish as they realize they can't expect a rebound back up into great expectations. This is what happened after '87 which from personal experience is the best parallel without the same intensity. Actually, this down side is much like all of them. Garden variety. Although the '71 parallel is fading fast there is still a chance that the market will recover rapidly. What's defeating this possibility is pure psychological reaction. It was psychology that pushed up the wild valuations in the Net or new economy plays, and now it is psychology that is spilling over into the business aspect of these companies. They're vulnerable where most buckets aren't. ATHM is actually not in the Net category although it is being bagged currently as though it is. ATHM is more of a CSCO type play and an anti-recession play. Unfortunately, it's being thrown to the dogs with the Nets.

To: ayahuasca who wrote (20973)	4/18/2000 3:10:00 AM
From: KW Wingman	Read Replies (2) \| Respond to of 29970

If buying is the reason for prices to fall then it may be partly my fault that the stock fell below 20. <g> << This is tough. ATHM going below 20?? Looks like it. Other than what has already happened here is what worries me.>> I had four low ball orders in for 1000 shares and they all filled. 1000 at market filled at open at 19 15/16. Another order for 1000 at 19 15/16 filled at open. also filled 1000 at 19 1/4 and 1000 at 18 3/4 << Is ATHM going to be totally overlooked in favor of the big-cap names in the event of a NAS rebound? Certainly seems to be the case today. It does stand to reason that people will flock back to the big guys first. The question is will the SUNW, MSFT, INTC, JDSU etc of the world hold any gains over the next week or so.>> Who knows, the "big guys" look like they still have a lot of room to fall to me. I may have been wrong to sell the stocks that have been in favor but I sold many of those big horses a few weeks ago. I have been buying out of favor stocks that have sold off such as ATHM. Selling these big stocks has given me a war chest to buy plenty of shares at a lower price. I believe the future is very good for ATHM. If ATHM price goes lower it is likely that I will buy more shares. Yes it appears that what is perceived to be the first tier blue chip techs moved up today. Today (monday) I did buy one big guy back. I bought 500 QCOM back at 100 and I tried to add to my CMGI at a low ball price but I did not fill. << If not ATHM has no chance. If so, what do you all think is the pocssibility for ATHM. I want so badly to buy some here but I am just shellshocked. Opinions?>> I am not focused on the short term. I am buying ATHM stock at these levels. IMO, ATHM stock price may trade lower but it will trade at much higher in the future.