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

To: Stuart C Hall who wrote (2654)	8/6/1998 11:59:00 PM
From: ahhaha	Respond to of 29970

Relax. That isn't the right way to approach investing in general. The way is to ignore everything, hold your nose, and buy. Recently several people wanted to display their prowess by announcing their purchase price. I'd be impressed if they had said they bought above 50. I would be most impressed if someone said they bought at 57. Somehow it is universally held that buying up is bad and makes you look worse. Wrong. It is averaging down that is bad. You buy. When and if it goes through your price upward, you have a justified reason in that fact alone to buy more. It is extraordinarily rare to find anyone that does that. Of course, it is also rare that anyone makes any decent money at this. So why not buy now? It will rise and then fall. Ain't I clever? You don't want to buy if it goes back down. I know because you won't want to. You'll think, "when it gets low, then I'll buy". It gets low but you have a reason for not. The FED is raising interest rates and the market is getting whacked. You can't buy then, but the stock advances in spite of interest rates or the generals. Then what? Well, ATHM is wildly over-priced and therefore it would only go down if rates rose. Well then you shouldn't be looking for an entry into the stock if you believe that. You have to stay out of all stocks. Nothing wrong with that. The point is that you are either going to take the risk or you aren't. Getting clever just means you'll find a way to beat yourself. You have to suffer through hell to make money in investment. I don't look at it that way, that is, I don't mind paying up when I believe in what in which I am investing. Several days ago I said the stock will bloop up. It's just short covering. The stock is thin. It has a small float. Once the rally in the generals fades, ATHM will hit the skids again and drop 7 points from wherever, probably 48. If that is true, you shouldn't assume that. You should buy and expect it to go down to 35 because you believe. Then you have to hold and be right. Otherwise, no matter what you do you will lose. Doesn't matter where you buy. Got that? That is always true a priori.

To: Stuart C Hall who wrote (2654)	8/7/1998 12:17:00 AM
From: ahhaha	Read Replies (1) \| Respond to of 29970

Ok. I'll just say that the backbone is becoming a bigger and bigger problem. The crawling is the backbone overload. AOL is attempting to utilize bandwidth management at big pipe backbone level to prevent a data brownout. This isn't so critical to smaller ISPs, but with AOL's size, it is a significant factor in their own operating overhead on top of considerations of retention of market share. It only becomes pronounced at peak or high load times and whatever they do helps all of those still stranded on copper whether they have AOL or some other copper ISP. By the way AOL bashing doesn't make sense. We can criticize their execution or style, but they are the pioneers and carry much weight and value. I don't like them for the same reasons you don't plus I don't care for their CEO. Nonetheless, for the foreseeable future they will play a fundamental role in the internet. The proof of that will be seen when they decide which way they'll go to solve the high speed problem. Like others I hope they come ATHM's way to solve it.