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

To: Peter Blanchard who wrote (7334)	4/5/1999 7:42:00 PM
From: Benkea	Read Replies (2) \| Respond to of 29970

Peter: "Also check out the shares short on ATHM increase last month. when these shorts cover .... to 200 we go." This has been answered already. There are no shares of ATHM to short according to the other poster, yet I shorted more as recently as Wed or Thurs of last week. MANY of the shares that are short are by people like me who are content to pocket a lower risk 14% on month profit playing the arb on the merger than to go long such an extended stock. We will just return our new ATHM shares, once they our XCIT shares are converted to new ATHM shares, to our broker to cover our ATHM short. Thus, we will do NO BUYING whatsoever to cover our shorts. Consequently, your hoped for short squeeze may not ever materialize. Merger closing date should be imminent. The 1/19/99 press release says, "which is expected to close in approximately three months". biz.yahoo.com Boy, was I glad to see the gap close today after it WIDENED after I put on the trade :( I was starting to get nervous. I plan to rejoin the ATHM long ranks in the $75 range after the "dip". :)))