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

To: Rico Staris who wrote (8905)	5/2/1999 2:23:00 PM
From: Clever Nick Name	Read Replies (1) \| Respond to of 29970

It depends upon how many of these shorts covered. There have been 2 healthy dips recently. I'm not sure exactly when the short count was taken. I saw this data in the middle of last week, so what does 'end of 4/99' mean? It could mean short shares as reported april xx (say 12 just for giggles) and published at the end of april. Does anyone know the exact mechanics of the NASDAQ short reports? To address your question, it means a lot of people think ATHM is dramatically overpriced. It also means that if the stock runs a significant amount, lots of share will have to be purchased to cover the short positions, accelerating the rate of increase in the stock.

To: Rico Staris who wrote (8905)	5/2/1999 2:36:00 PM
From: E. Davies	Respond to of 29970

what effect will it have, IF ANY Answer is not any effect. ATHM shorts are mostly hedges against the XCIT purchase. Eric

To: Rico Staris who wrote (8905)	5/2/1999 4:18:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 29970

Short position is irrelevant. No one publishes quantity of shares which must be sold to prevent forced margin liquidation. Would that be relevant? No. Neither of these figures does anything except decrease volatility. That's the exact opposite of what people believe. Similarly, short interest rises until it peaks with price and declines until it bottoms with price. This also is exactly opposite to what people believe. Why do they believe what they do? Now there is a relevant question.