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


To: Herb Blair who wrote (9797)5/24/1999 6:28:00 PM
From: E. Davies  Read Replies (2) | Respond to of 29970
 


From the street.com. Note my emphasis. These guys are moving the markets and they dont know about xcit/athm?
Eric
"There's a lot of rotation going on," Acampora told TheStreet.com. "This morning was another group call. I said former leaders are under pressure and some Internet stocks look like they're rolling over."

Specifically, the technician said America Online (AOL:NYSE) could fall as low as 90 if it breaks through 112, which -- coincidentally -- is also the key support level for @Home (ATHM:Nasdaq). Plus, "I wouldn't want to see Infoseek (SEEK:Nasdaq) below 41," he said.

AOL closed down 5.4% to 119 9/16, @Home shed 11.3% to 115 7/16, and Infoseek lost 5.7% to 42 7/8.

More troubling, Yahoo! (YHOO:Nasdaq) and Excite (XCIT:Nasdaq) each breached Acampora's key levels of 146 and 130, respectively.