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

To: FR1 who wrote (2905)	10/13/1998 8:31:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 29970

It tells you nothing for the short term. It's instantaneously worth $40/shr. The price action is perfectly meaningless as is the every trade data. An inelastic state will last maybe three days before its conjugate elastic downside takes over for weeks. Like most tech stocks the chart has a major bottom in place and now is in pullback from the upside down head-and-shoulders neckline at 48. After this pullback completes in the high thirties, 37 - 38, it's going to make an upside run to mid 50's in November. Then it will start deteriorating again. The stock is in the process of forming a price base. Fundamentally it's business as usual. They are in the same place as they were a year ago conceptually. Earnings reports and evaluations are as meaningless as the price data. They should be ignored. All of the bads and goods are well known. Nothing new there. I hate to sound repetitive, but you can't short his stock, you can't buy options, spread, or write against it. You can't buy on margin. (Never do that anyway). You can only buy, hold, and have faith. The bull market will assert itself again as the terrible depression we're supposed to be in evaporates. Everyone will forget how bad something was, but no one will be able to identify what was bad. Something to do with the S&L crisis will be the response from the university cognoscenti. That's when the market will hit the skids again and ATHM will join the downside parade right back into its favorite base. Since the stock price fluctuations are scale and gauge invariant, it will misleadingly bottom higher and we will see a continuation of rizing buttums.