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


To: ahhaha who wrote (4064)1/10/1999 2:37:00 AM
From: Jay Lowe  Respond to of 29970
 
>> That act alone

I admire the space from which such signals are emitted.

Thank you.



To: ahhaha who wrote (4064)1/10/1999 2:58:00 AM
From: David Harker  Respond to of 29970
 
Thanks for the thoughtful reply. I understand what you
mean about "wanting to be part of something significant".
I think that is true of ATHM.

I've also held stocks that sink down to 1/3 of the price
I paid, then recovered and gave me a profit, so I've felt
that regret. I also know the value of holding onto something
that I know is 'right', even if market disagrees.

On ATHM, I like the 'being part of something significant' but
primarily want money - my family is highest priority, and
growth of our investments will someday allow early retirement
for my wife and I (thus more time together) - so we save, and
I invest... (I love the intellectual challenge of investment,
as well, finding ATHM early was FUN).

In the next several years, I'm very sure I'll hold lots of
ATHM for much of that time period, the re-entry point is the
big question now. I'll probably wait for a decline, they seem
to have followed the "price spikes" we've had in the last 12 months.



To: ahhaha who wrote (4064)1/10/1999 7:37:00 AM
From: RocketMan  Respond to of 29970
 
To quote from another poster on this thread, "were you drinking when you wrote this?"



To: ahhaha who wrote (4064)1/10/1999 9:05:00 PM
From: Moose  Read Replies (1) | Respond to of 29970
 
One of the best reasons to hold a company is that you like what they do, not because they might make you a fortune.

What?!? Sorry, ahhaha, I couldn't wade through to see if someone else already caught you on this response. If I buy a company because I like what they do, or [I] want to be part of something significant, then I'm either giving my money away as charity or somehow misinterpreting the rise of a company as the redemption of my spirit.

Fundamentally, I invest to make money. I don't invest so YHOO or ATHM makes money. I may choose ATHM because I believe in their product and envision others (many others...) liking and purchasing their product, but I don't give away money in a charity fashion.

Let's cut the altruistic crap and answer the question which was asked: Do we think getting out at $90 was a good move / do we think there will be another chance to get back in under $90? Honestly, much depends on YHOO's earnings report Tuesday. If they smash through the whisper number, then ATHM and others will appreciate significantly enough that 90 will never be considered again. Would I have sold at 90? Nope. Look at the growth of MSPG, ELNK, and AOL last year. If these are good indicators of growth in the ISP arena for '99 (which I believe they are), then I expect ATHM to do just as well as MSPG if not better (>500%). Yes, I think ATHM will be a $500+ stock this time next year, baring a Y2K meltdown. No, I don't really think we'll have a Y2K meltdown.

Moose