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

To: Stephen M. DeMoss who wrote (631)	11/15/1997 10:04:00 AM
From: Paul Weiss	Read Replies (1) \| Respond to of 29970

They? What they are you refering to? They is really 'we', the shareholders and wanna-be shareholders. Is this a reference to the alleged activity of Market Makers? The MM paranoia is 99% placing blame on something other than one's self, 1% based in reality. But then, maybe you're alluding to something different, and I am once again missing the point? One other MM comment: these folks are capitalists, interesting in making as many bucks as the market for their services allows; being a capitalist I appreciate the services they render, which allows me to buy and sell equities in a timely, efficient manner. I pay much greater fees on insurance, real estate, home improvements, sales and income taxes. Sorry for the rant, it isn't meant for you... just a pet peeve. Regards, Paul

To: Stephen M. DeMoss who wrote (631)	11/15/1997 1:18:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 29970

Dealer market saw 100 share trades at 18 1/4. What time frame do you mean for "short term"? When there is a paucity of buying interest, prices are strongly influenced by non-convicted trading action. There isn't much non-structural shorting going on because there is too much volatility potential, so there can't be many "momentum" players at work. There are plenty of manipulators that are trying to sell 500 on the way down so that they can buy a 1000 at lower prices using "overvaluation" as the psychological smokescreen. I sure hope it free falls because it would be an incredible opportunity to buy. "Run it up one more time"? You sound like you're trading. Although this issue has to be one of the most volatile because of the valuation indeterminancy, I don't consider it to be a good trading vehicle. That is always the nature of a sound fundamental investment. Besides, don't trade. Trading is a negative expected return game. I have spent 23 years and 15,000 option trades proving that truth. I was a broker, PSOE trader, institutional portfolio manager, and since 1970, stock investor for my own account. The only money that stayed with me after all of that came from stocks I bought and never sold no matter how dumpy or "overvalued" the companies were when I bought them.