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

To: Rob C. who wrote (25883)	10/9/2000 1:54:57 PM
From: M. Frank Greiffenstein	Read Replies (1) \| Respond to of 29970

I agree Rob, ATHM is headed for single digits. Looks like a short covering rally is going on right now, look at the 1-day chart. $10 sounded like a nice round number to cover at, traders usually denominate targets in round numbers. DocStone

To: Rob C. who wrote (25883)	10/10/2000 2:00:37 AM
From: KW Wingman	Read Replies (2) \| Respond to of 29970

Hello Rob, <Looks like buying is not en vogue right now. I would wait until we see a reversal, why have the ego trying to pick a bottom?> True on both counts, however, trying to pick a bottom has nothing to do with it as far as I am concerned. I am simply buying more shares because I believe they are undervalued. I am averaging down my average cost in the position as well. Plenty of people made fortunes doing just what I am doing. This is brute force investing. ATHM may be a great buy at 10 1/2, but I think we may see another blow off and it may trade below 8. I certainly hope not, Yes, I too hope that ATHM has found a bottom here. I helped support the stock today by hitting the ask three times <g>. If it does trade lower I will buy even more shares per dollar invested. but the ANALysts are all saying ... The average view of the ANALysts is that ATHM is a "Moderate Buy". The average view would be "Strong Buy" except for one fact, charts. One of the biggest problems with the stock market is that too many people pay attention to charts and not enough attention to the fundamentals. So when a stock is rising or falling, it tends to keep rising or falling even though there may be no fundamental reason for the trend. So these ANALysts are not much different that the average sheep (followers). The chart followers are very good at looking at the past and appear to have some success at predicting future price movement. Chart following tends to cause price momentum. The momentum overdrives the price in either direction by continuing the trend instead of paying attention to the fundamentals. So you get stocks that are way overvalued or undervalued just because of good or bad past performance. I am not against Charts or people who use them, I use them too. It is just that I believe that eventually the fundamentals will win, break the trend and start a positive trend. I am not worried about finding the exact bottom if I am bullish on the company. Are we closer to a bottom? Who knows? Is the new economy dead already? Seems like it right now. Amazing how quickly sentiment changes so quickly. FWIW I think we will see a shift in momentum once we see some positive earnings releases this week and next ... the future is looking very bleak. Energy prices, interest rates and earnings growth are all the key words I keep seeinga and hearing A person needs to think about how they are going to find safety for their money in a recession or in a worldwide currency crises. What is the real money and how to protect it? Is it Dollars, Euros, Yen, Gold, Real Estate, Common Stocks or something I haven't mentioned? I think the best bet is to buy common stock in companies you have faith in, companies who can keep growing earnings even in a downturn.