Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: GraceZ who wrote (9665)	5/21/1999 1:21:00 AM
From: ahhaha	Respond to of 29970

Is this the kind of "stuff" to which you refer: some stock paper gains(foreign and domestic), some real estate, some in cash, some in a business, some in art, nothing in gold Your preferences may be different from that of others, but it is still stuff you are acquiring which is taking all your time, is unfulfilling, and unmanageable. Gold is only for skilled players. Between 1980 and 1998 I was bearish on gold and oil. I like them now because relative to all other prices they are cheap. I am quite certain that within say, 1 year, oil will be trading at $30/bbl. It is still cheap there because the public hardly blinked at the recent 75% rise. Did you drive less? The public would initiate anti-trust action against the oil companies if OPEC caused the price of oil to rise accidentally to $60/bbl . That is $5.00/gal in gas. Even that is nothing. It would still be cheap. Price increase doesn't slow demand. Oil is almost cheap like air, but you'd pay almost anything to keep getting it supplied. The world's experts think they have such a dynamic rise analyzed as impossible, because there has been an extended period of accumulation of supply, but reduction of instantaneous supply over the past year has changed the validity of that analysis. OPEC is causing an absolute disaster with reduction of supply. They couldn't have chosen a worse strategy. They should have just posted a higher price. They didn't believe they still had the swing, so they are trying to prove to themselves that they do. Constraint on available or near instantaneous supply invites a price rise sufficient to induce substantial further exploration. Fiat price increase wouldn't have encouraged significant cheating because the cheaters would continue to supply at the current rate plus increment and the increment which would bite into OPEC's supply rate, would not have impacted the increased revenues OPEC non-cheaters would receive from the higher price. No. You shouldn't buy what is cheap. The public has to buy that which is officially designated as ok and that means that which is expensive. Who else do you think is always bagged? It takes courage to go against the crowd and you won't find that virtue among the greedy fool public. If I'm wrong about what's cheap and what is inflated, then ATHM will do ok, but if I'm right ATHM will be crucified. The stock is worth $125 based on my most bullish scenario. That scenario is evaporating regardless of exogenous factors like oil price and interest rates. Suddenly, all the world wants DSL and it's coming on stream fast with much eclat. The exciting cable upgrade news has petered out. Users are nonplused. What have you done for me lately T? Anyone need a few hundred new portholes? The local loop is ripping at 70kbps. Is that any way to run a cable network? This is all bearish, so the stock should rise? In a bear market, the bears are right --- Joe Granville