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


To: hdl who wrote (26467)11/21/2000 4:46:13 PM
From: Rob C.  Read Replies (1) | Respond to of 29970
 
>>>>>almost 6 million shares were bought today and the stock still went down- go figure!

Did you think about the almost 6 million shares that were sold?

Al Gore should be impeached!



To: hdl who wrote (26467)11/21/2000 4:49:28 PM
From: E. Davies  Read Replies (2) | Respond to of 29970
 
Thats because the same number of shares were sold today too.

I could not quite piece together what the source of the selling was today. All I can say is that long strings of trades at the ask did almost nothing to move the price up while it took very little trades at bid to move it down.

Basically zero institutional support. End of day there were very large sizes on the ask. Saw a 50k share offer.

Excite@home is just another overvalued net stock in the minds of the public. I wish I had grasped how fundamentally destructive the purchase of Excite would be to the stock.

Eric

Edit: just noticed a 1/2 million share block printed AH @ 7 11/32