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


To: re3 who wrote (10052)6/2/1999 1:54:00 PM
From: UFGator93  Read Replies (5) | Respond to of 29970
 
As a ATHM bear, I'm curious to hear any bulls' assumptions about where ATHM is headed in the short term from here. I was planning to dump my puts today if ATHM fell down to 100-level support. That hasn't happened and I'm really uncertain about general market sentiment. It seems that everyone has been so bearish lately that the market is about to go on another big jump over the next couple of weeks. I'm not sure why I think this, it's just been that way when the sentiment has felt the way it does right now. Obviously, any strong market upturn is going to pull ATHM up with it. But a continued downturn? Will ATHM break 100 support? Even if it does, it has tried to bounce under 90 before and the support has been very strong.