Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: E. Davies who wrote (24248)	7/28/2000 6:36:02 PM
From: GraceZ	Read Replies (2) \| Respond to of 29970

The sellers just had a lot more shares to sell. I guess it's obvious but those sellers don't necessarily "have" those shares they are selling.

To: E. Davies who wrote (24248)	7/28/2000 8:56:47 PM
From: ahhaha	Read Replies (1) \| Respond to of 29970

Money flow has been rising since yesterday at 2PM EST. The stock is pretty much exhausted its Elliot Wave fifth count. That doesn't mean one goes long. That's bottom picking. The stock has to rally and fail and rally again and fail, putting in rising bottoms before any long position is justified. There have been a lot of guys coming on this thread to proudly announce they've bought. There have been some who announce they are selling. Don't do either because it disrupts your psychology. No one should have tried to play the downside in any issue over last several weeks. They must cover immediately on Monday morning because they have been lucky. What that means is price has failed into net flow in indicating a psychological collapse that has no material backing. If you were expecting price downside, the right way to play is to buy puts at the nearest in-the-money strike, exercise them, and sell into an over booked long tight below. This isn't worth the bother in the extremely high liquid stocks, but it is in others.