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


To: Jing Qian who wrote (8135)4/18/1999 7:17:00 AM
From: Educator  Read Replies (2) | Respond to of 29970
 
Ed, do you notice that there are almost no bears in the ATHM thread although we see doubters occasionally?

Jing- I have noticed that. I really expected more bears to appear. There are those that enjoy "shoving it in your face" when your stock suffers a correction and stumbles. I didn't see that this time, and was appreciative. On the Dell thread, bears can be absolutely ruthless when there is a downturn. I also noticed that when ATHM was on its great run, there was little (if any) gloating as well. Enthusiasts just rooted the stock onward and upward. That's the way it should be.

Does the lack of bears posting on this thread mean a bullish sign for ATHM? I truly don't know. Those that bet against an upturn in ATHM were sorely mistaken. IMHO, they regretted making those predictions. I doubt that they will do it again. Even though the train has slowed a bit and even backed up, in time it will be heading for that 200 again. I think that will come sooner than later.

This downturn seemed to be a tech/Internet correction. The reports could have been rosier for ATHM (higher earnings per share and subscriber numbers). Remember when you and I hoped for 500,000 subscribers? I think Wall Street would liked to have seen that also. When I saw the first hints of around 460k, I had a pit in my stomach. They were good numbers and on track, but IMO they weren't great. Then the Excite earnings didn't help matters. I was pleased with increased hits and revenue numbers. They seemed excellent! It's just that XCIT missed expectations by a penny. That matters a lot to the street. I did catch Excite's CEO on CNBC. That guy is sharp!!! I was impressed! He knows the direction in which he is going. He also had some very valid reasons for why XCIT was a penny short. Most reasons were attributed to holding some deals back because of the merger. It made sense to me!

Enjoy your Sunday, Everyone!

Ed