Let $P(x, y) = ax^2 + bxy + cy^2 + dx + ey + h$ and suppose $b^2 - 4ac > 0.$
I know that we can re-write $P(x, y)$ as a polynomial of $x:$ $$P(x, y) = ax^2 + (by+d)x + (cy^2 + ey + h).$$ From here, we can get the discriminant $\Delta_x(y)$ in terms of $y:$ $$\Delta_x(y) = (by+d)^2 - 4a(cy^2 + ey + h) = (b^2 - 4ac)y^2 + (2bd - 4ae)y + (d^2 - 4ah).$$
Given the assumptions, I'm supposed to show that one of the following occurs:
1) $\{ y \mid \Delta_x(y) \geq 0\} = \mathbb{R} \text{ and } \Delta_x(y) \neq 0 $
2) $\{ y \mid \Delta_x(y) = 0\} = \{y_0\} \text{ and }\{ y \mid\Delta_x(y) > 0\} = \{ y\mid y \neq y_0\}$
3) there exist real numbers $\alpha$ and $\beta$, $\alpha < \beta$, such that $\{y \mid \Delta_x(y)\geq0\} = \{y \mid y \leq \alpha\} \cup \{y \mid y \geq \beta\}.$
In the first case, we're supposed to get a hyperbola opening left and right. In the second case, we'll get two lines intersecting at a point. In the final case, we'll get a hyperbola opening up and down. However, I can't see how to show these things rigorously. Any insight would be appreciated.
Hint:
Saying that $b^2-4ac$ means you have two real asymptotes, the product of the equations thereof is given by the quadratic part of the equation of the conic: $$ax^2+bxy+cy^2=0.$$
On the other hand,