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

To: Boplicity who wrote (10199)	6/4/1999 2:02:00 AM
From: red_dog	Respond to of 29970

EXCITE (XCIT): The 19 analysts who cover EXCITE rate the company's stock a BUY and expect it to erase its deficit in 1999. For the year, analysts forecast the company will post EPS of $0.38, up from a loss of $0.78 per share posted for 1998. In 2000, EXCITE is expected to post increased net income and EPS of $0.72. For 2Q99, analysts expect the company to report EPS of $0.07, up from the loss of $1.72 posted in the same quarter last year. There were 24 new reports about the company added to our database last week.

To: Boplicity who wrote (10199)	6/4/1999 2:40:00 AM
From: ahhaha	Read Replies (2) \| Respond to of 29970

Flight of capital. This is a common occurrence when a good yield with some potential capital appreciation is sought. This tells you that money is leaving high P/E investments, but doesn't quite believe that the FED is in any position to raise rates. This is a common occurrence during a top and reflects asset allocation redistribution or new money parking among institutions. It isn't good news. Price drops on low volume since sellers can't dump without shooting themselves in the foot. In the bear phase market volume dries up because aggressive buying is deemed imprudent, but the result is that sellers don't have the liquidity to sell without price concession. That's why one must sell on the way up when upside price concession is great and buyers come to you. The exact mechanism is complex and I have spent enough time explaining it in detail to Eric. Ask him. You only need to examine your own confidence to determine whether the state of the upside is at a top. At the top you're sure about things. Below you aren't and you want to sell all the way up because you know it is going to drop. You hold for the one reason that you don't believe. None other. When you no longer want to sell and analysts are telling you about the pie in the sky, you don't sell but you observe your own emotional state. When the stock cuts through the uptrend line, you sell every share. That's all you need to do. No fundamentals. Just find something low that someone likes and buy it. If it rises, buy more. If not, wait no more than 6 months and sell. You don't hold non-performers. Once you sell, stay out and never go back. NEVER. There is always something better to hold.