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

To: JayPC who wrote (9087)	5/5/1999 4:48:00 PM
From: Ian	Read Replies (3) \| Respond to of 29970

FWIW: Driving around the Newport, RI area has been a real pain lately. You see, there are all these trucks along the sides of the main roads and even some side roads. Some of these trucks are labeled Cox Communications, some are labeled White Mountain Cable with a little sticker that says "Subcontractors for Cox Communications", and some trucks have no labels at all except for that same little sticker. These trucks and the workers are even out in the pouring rain doing whatever it is that they're doing. Gee, they really seem dedicated. I wonder what they're doing? ;-) It's a rather unique experience to be happy that you are stuck in traffic. Thanks, Ian

To: JayPC who wrote (9087)	5/5/1999 10:40:00 PM
From: ahhaha	Respond to of 29970

It all came in while I was composing my post. My analysis of the trading was not completely negative, but I didn't like what I saw. As a long time tape reader it smacked of public cleverness. It looked like a shell game that bags the majority and presages a nasty tumble. You'd have to be a long term holder to hang onto this misleading action. You simply can't be watching or reading with knowledge and experience and hope to hold. This stock has always been a small fry trader. You see many 100 to 500 share orders which earmarks amateurs in a casino playing slot machines. My analytical machinery is excellent in assessing market state, but as I admitted long ago here, it has never done a good job with this stock. You can have professional aggressive buying on one day and the next wholesale amateur dumping, followed by quiet accumulation. In this environment the net flow isn't meaningful and so price is inadvertently orchestrated by the market makers. On the professional level the market makers continually end up burning each other. That's another good sign for the long term hold on faith types, because price is completely random and so is fluid to reflect accumulations of rapidly changing expectations.