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

To: ahhaha who wrote (21379)	4/22/2000 12:47:00 PM
From: MIKE REDDERT	Respond to of 29970

The log chart shows that we are on the long term uptrend formed between the first trade and the August '98 bottom. This is true, although the the Aug '98 plunge was a one day event which didn't quite hit the trend that was established in the first weeks of trading.The actual points that confirm the existence of that trend are on the lows of 7/11/97, 10/28/97, 11/13/97, 11/25/97 and... 4/20/2000. After the initial formation of that trend, undeserved speculation drove the share price at an accelerated pace until the the purchase of Excite, when, over a period many many months traders and investors came to realize that current management had dictated, thru their repeated failings, that ATHM in no way deserved that accelerated price action. So now we are back to the base trend where price will correlate with a fundamental equation that is heavily weighted to sub growth and the opposing force of management incompetence. Steps have now been taken to insure that the former is maximized... and while the street does not have concrete proof that T is actively working to neuter the later, they soon will. In a past post, I argued that price equilibrium would occur when the opposing forces of growth and management balanced. It is very likely that we are at that point. This would be a good point to calmly enter positions with the expectation that future news would confirm these expectations by focusing on infrastucture facilitation, a concept so foreign to the failed, content driven natures of Jermo/Bell that it could only come from one source. As for the truck drivers on this thread, who are drawing down on home equity loans to finance their loads, I would suggest that resisting that leverage would insure success... no sense in adding capitulation risk to the risk that is already inherent to stock investing. Mike Mike