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

To: Gregory S. Wagner who wrote (8134)	4/18/1999 11:37:00 AM
From: GraceZ	Read Replies (2) \| Respond to of 29970

So Grace, how much of your portfolio are you willing to put into ATHM? Greg- I report (in the way of disclosure) as of Friday, April 16, 1999 I have 43% weighting on my combined ATHM/XCIT position. Mostly this is a function of ATHM stock rising so fast. My entry points were 22.5,19.875,154,171,140 respectively....the bulk was at 19.875 I'm happy to report. Does this make me nervous? I'd be stupid if it didn't. Am I going to hold anyway? Yes. One of things I tell people over and over again is how hard it is to hold onto a winner. First of all, they never go straight up....they retrace. Then if the position starts to double a few times, it starts to become larger and larger as a percentage in your portfolio. The little (and not so little) blips start to look like a serious chunk of change. You start to feel like a fool when the position can change as much in a few days as you make at your regular job in a year.(for those of us still having to work for a living) This is the point where ordinary people get scared out (the millionaires and billionaires buy more). The noise from your spouse, your friends, your mother and your investment advisor becomes a mantra....sell it, sell it, sell it. "Can't go wrong taking a profit." "You've got to diversify!" (Like, put some money into something that doesn't go up quite so much). I would never suggest to anyone that they go out and put all their money in this one thing....like I said earlier, it could go to zero. I have GNET, BVSN, TSCN, ONSL, EGRP, OMKT and a serious chunk in a global mutual fund as well. I cycle in and out of AMAT. GNET saved my week and that position has a serious chance of passing my ATHM. When I was in INTC, at one time it was seventy percent of my portfolio....but it represented 100% of my profits. All the other positions that I'd been in and out of for ten years could be put together and it was a wash. One BIG winner makes up for every stupid mistimed, misplaced purchase if you hold it long enough.