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

To: Nicholas Thompson who wrote (9851)	5/25/1999 10:25:00 PM
From: Panita	Respond to of 29970

A lot of positive news after the close. 1 million subscribers, profitable. I took the plunge at 112 3/4.

To: Nicholas Thompson who wrote (9851)	5/25/1999 10:46:00 PM
From: Ron Dior	Respond to of 29970

<<I'm long too but just remember that herd mentality is what has made this market as highly valued as it is right now.>> Remember though that not all of the stocks that rose with the markets didn't deserve their valuations, some did. Even those stocks are getting beat up. That is a true herd mentality move. When the markets were flying up many stocks stood still. That is why IMO this is a GREAT buying opportunity on many issues. People are selling because the markets are going down. No other reason! To prove my point, you could take a look at a goodly number of stocks today that either signed huge deals or got upgraded. They all ended the day down. DELL computer announces good earnings and it closed today below its 200 DMA. ATHM and AOL both have 6 month price targets of well over $200 and neither one can close above $120. All this during a time when nothing has changed fundamentally with the companies or the economy. How many times does this have to happen before people learn to buy into the panic???? Until the fundamentals severely change and we enter into a bear market, we should all be buying on panic. Sorry to carry on but I just had to get that off of my chest. Am I the only one making money on these moves? It would make me sad to think so. Ron Dior