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

To: E. Davies who wrote (25856)	10/6/2000 4:45:24 AM
From: KW Wingman	Read Replies (1) \| Respond to of 29970

I'll actually be surprised if Excite does not disappoint. You've seen the numbers. Excite has zero organic growth despite the fact that net usage keeps growing. Its also become painfully obvious that web sites in general are struggling to bring in the advertising dollars. I agree with you. Most of the problem is not with Excite alone nor is it a reason to spin off Excite. This is happening to all net companies for the same reasons. For example; Exuberant public opinion of net stocks has changed to the current overly pessimistic opinion. The market was wrong before and it is overcorrecting (wrong) now. The shakeout of net stocks and the shut off of the money going into each new idea will be good for the remaining companies. As you say, the net is growing. I have that the net is growing 1% a day worldwide. I kind of like that 1% a day growth rate as compared to the 4% a year (or less) growth rate of some of the old economy stocks. Could this be the time to "load up the truck"? The thing some people are failing to see is that just because it may be difficult to bring in ad dollars now, this does not mean it will always be difficult. The value of Excite will grow directly as subs to @home broadband grows in addition to the slower growth of narrowband. Broadband is way less than it could be because the "last mile" is not enough. Narrowband is actually killing the financial stability of the net. Broadband needs to be end-end from content to servers to backbone to customer. @home is the only one in the planet who can fix this. I'm getting sick of them not doing it. IMO, most of what you say is true except the part about narrowband killing ... . IMO, Narrowband is not killing broadband or net stocks. Narrowband will fade away in it's own time. This will take several years. Copper will be around for a long time in spite of wishful thinking or what some clowns say. Wingman- I've got a ton of my $ invested in ATHM. Enough that I'm getting damned worried and it has started to seriously impact my financial health. I too have a dollar or two invested in ATHM. I feel much more comfortable in this investment than in many other tech stock investments I currently hold. In hind sight I should have sold all of the tech stocks six months ago and bought more REIT stocks. Even so I did buy 75000 shares of various REIT stocks at the lows. This cushions any losses in tech and makes me feel better. So now does this mean someone should buy REIT stocks now? Yes, IMO, I think they are still undervalued but I have been wrong before. It might be the time to sell the REIT stocks and buy the oversold tech stocks such as ATHM. That is why I am not selling, I will be buying more ATHM at these levels. I like buying value. I dont want just a positive thread. I dont want spin* of any sort. I need the truth as much as we all can find it. ...* I agree with some reservations, spin of any sort is not desirable. However, spin is unavoidable, whether it is on a open, free speech thread or a one sided propaganda thread.