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

To: David Harker who wrote (4061)	1/10/1999 2:33:00 AM
From: ahhaha	Read Replies (4) \| Respond to of 29970

You made a killing. I don't see how that makes you stupid. As you know this stock is impossible to trade. The issue for you now is if you want to get back in. You have to ask yourself if you were holding for money making reasons alone. One of the best reasons to hold a company is that you like what they do, not because they might make you a fortune. You want to be part of something significant. If that is the case you should buy immediately without concern about tomorrow's price. You have to be honest with yourself because it could drop way the hell down there which will fill you with regret. That won't be the case if you have the reason that you believe in the company and want to contribute your capital to them in the hope that they will prosper. You do this without consideration of whether this will be beneficial or not to you. You sacrifice to benefit others. Whatever the stock does in the future, if you do this, you will benefit 1,000 times more in ways that can't be expressed. That act alone will be worth more to you than any fortune.

To: David Harker who wrote (4061)	1/10/1999 3:00:00 AM
From: FR1	Read Replies (2) \| Respond to of 29970

- if lasts a long time, that makes me semi-stupid, and it may not get back down to $90...Thoughts/opinions on price action and what to do about it? I know, I should have just held... :-) Just two thoughts: 1) As some wags have been commenting: this is not your father's stock market. In other words, we are not dealing with a stable and highly predictable market. In a very stable market you can usually bet that a spike in share price will be followed by a sell off. In our case, however, we are having a gold rush to the Internet and nobody can intelligently explain exactly how much things are worth. People are investing in the best horses in the race AMZN, YHOO, ATHM, AOL, etc. The sell offs, if and when they come, may be mild and not dramatic drops that cut the stock price in half. 2) If you believe in ATHM and are worried about protecting your gains and at the same time staying in the market to enjoy ATHMs rise, why not just buy some out of the money puts? Let's say you have 100 shares of @home. ATHM closed at 108.75 so it's worth $10,875. You can buy Feb 99 puts @95 for $8.125. That means that for $812.50 you will be guaranteed that between now and the 3rd week of Feb your stock will not drop more than $13.75/share ($108.75 - $95). This means that the absolute worst that can possible happen to you is that the value of your stock drops to $10,875 - ($1,375 + $812.50) = $8,687.50. You are basically saying that you will give up the next 8 points that ATHM goes up in order to be absolutely guaranteed your 100 shares does not lose more than $2,187. With 30 trading days ahead of us and a volatile stock like ATHM, it might be worth it. At least you can sleep at night.

To: David Harker who wrote (4061)	1/10/1999 5:08:00 PM
From: Dr. D	Read Replies (1) \| Respond to of 29970

iThoughts/opinions on price action and what to do about it? I know, I should have just held... I think you should have held also. However, only YOU know what your risk tolerance is. Athm gapped up big Friday on economic news. Athm has already seen a intraday high of 126, 40% higher than you exit point and settled back down to 108. Then the market realized it could be bad, in terms of future FOMC bias toward tightening and Clinton Impeachment hearings. The market sold off a lot midday. Them the economists started reassuring investors about the future of interest rates. Then it rallied at the close. I think the rally will continue very strong Next week absent anything negative. Some think the internets are a bubble, But, more think it's the only game in town. They will lead the Dow to 10000 in January. Everyone including me thought Amzn was going to crack after earning and reaching 300.00. It now 480.00 pre split adjusted. Timing an internet stock is folly. These are only my opinions Good luck to you and all 3d