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

To: FR1 who wrote (713)	11/23/1997 11:19:00 AM
From: ahhaha	Read Replies (1) \| Respond to of 29970

Thanks Franz, I know I've thrown mud at you in the past. I always remember the names of those whom I slight. I owe them a debt of tolerance.Please accept my apology. It is just my style of expression. I never get upset at winning or losing at investment, but I sure get upset at companies that fiddle while the house burns whether I own them or not. I hate to see opportunity squandered. I think you're right about it being long term. I don't think you should get involved with the option market. Here's the reason: If you write one-one, covered write, the hedge takes away the potential for substantial gain, but doesn't offer much return nor much protection. Say the expected return is 18%. Beats treasuries, but it also beats your purpose of holding. That purpose is to make a killing. I.E. 20 times on your money. It took an investment in MSFT 7 years to accomplish the equivalent. If you buy write all the way up, the return is like 3 times on your money. In the final analysis, you won't remember what you spent the short option income on, but 20x vs 3x, you will remember. It's all psychological. Say you put 10 G's in and it goes 20x over 7 years. 200 G's. Good dough. 30 G's? ho-hum. If you're trying to go for it, go for it. Don't compromise. What is it that Eli Wallach, playing Tuko, said in the film, "The Good, Bad, and Ugly"? "When you got to shoot, shoot. Don't talk". I wish @Home or Malone would do the same. There are also issues of having your stock called and then missing the market as you fumble to get back aboard. And then buying fat just when the new neutrino messaging technology is announced. There's more paper work, you break the holding period, and you must short in your margin account. I always have a margin account, but I never use it. Most of the Wall Street grief has come from margin. Daniel Drew, 19th century magnate, said, "He that sells what isn't his'n, must buy it back or go to prison". Margin means greed, and greed ruins. Not Michael Douglas in the film "Wall Street" greed, that's good greed. That's the greed I want Malone to have. That greed gets rid of inefficient companies that are indolent being run with droves of elitist incompetents. Actually Gordon Gecko unbeknowingly has two definitions of greed: The one he applies to others and the one that may be applied to him. Another point is to look for other investnments. Take the attitude (which I am), I've been bagged again, but I got a position, if it develops later and I got some dough and nothing else looks as good then, I'll add to it. You're averaging up. Can't give you better advice than that. Definitely contrarian, since just about no one averages up. I guess because it's so hard to believe that your play is developing as it sinks back down on every item of good news (proof of progress, since non-believers are throwing in the towel). You can read all my rantings about the great potential of @Home all over this thread, but it is damn hard for me to believe it even though there are few in the biz with my quantity of experience. No relief available. I got to sweat it out just like a beginner every time. So, apply the KISS principle, and prosper.