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

To: ahhaha who wrote (3597)	12/30/1998 6:16:00 AM
From: FR1	Read Replies (2) \| Respond to of 29970

January is going to be frustrating for all of us, because the big boys have seen enough. That's what they're saying on the institutional whisper circuit. I've heard that twice now but there also seems to be a lot to counter that. First of all why haven't MMs destroyed AMZN, YHOO, etc in December? They have been overvalued forever and December usually has MMs selling off. Around December 1st they knocked down the techs good one day but people bought them right back up. The rumor I heard around then was that online individual investors had finally become so numerous that it is much more dangerous for institutions to go against tide. I later read somewhere that they now account for 25% of the daily trades. The fact that Schwab has tripled in price and surpassed Merrill Lynch seems to point in that direction. Others, like e-trade, are also confirming the trend. Second, Acampora, weather you like him or not, is regarded as very influential in the market. He seems to see a rosy picture: cnnfn.com Other reasons to feel the first part of January is up are that it is earnings month and usually people wait until after earnings to do any damage. At earnings there will probably be split announcements from people like YHOO. Amazon splits 3-1 Jan 4th.