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

To: E. Davies who wrote (24270)	7/28/2000 10:26:59 PM
From: ahhaha	Read Replies (1) \| Respond to of 29970

Everyone will buy ATHM and CSCO very soon. They'll "snap them up". That's when you should sell your long shares and then sit on the sidelines and wait for opportunity. An investor is always long and rarely looks, but you can't put yourself in that category. Therefore, you must carry substantial cash at all times and you don't move unless extremes occur. This means you spend a lot of time watching and waiting. It's extremely difficult to do. Most can't do it. Most always end up 100% long. Also, it means you never have more than several stock positions in whatever direction at any given time. You can have investments but they must be ignored. You operate with trading funds and you must mostly be in cash. You have to be a raider. You wait for extremes, go for it, sell immediately if it doesn't do what you want, or sell when you get a fair profit. Then you have to wait and study and go through the self control discipline again until opportunity presents itself. You might as well have a day job.