NetBank(NTBK)-formerly Atlanta Internet Bank Message Board

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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank

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To: Prof who wrote (1010)	10/21/1998 5:23:00 AM
From: Elsewhere	Read Replies (1) of 2414

>Does anyone think this correction will bring the stock up Tuesday? You mean Wednesday? >Or should I continue to panic :{ No - if you have done your homework and are in for the long term. Appended please find quotes from a Reuters report about the trading session. I guess it's the reflex well-known by now: another hedge fund is in trouble -> emergency sales looming -> trouble for the financial industry -> NTBK is a financial stock -> get rid of it. Well, this reasoning doesn't scare me any more. Jochen dailynews.yahoo.com Wednesday October 21 12:43 AM EDT Stocks End Mixed On Tech, Hedge Fund Worries By Huw Jones NEW YORK (Reuters) - U.S. stocks ended mixed Tuesday after a warning about technology spending sent a shiver through the markets and helped wipe away most of the day's gains. (...) Talk that another hedge fund, this time Paloma Partners Management Co., had hit hard times also contributed to the late sell-off in stocks, traders said. (...) The late-session pullback was partly attributed to a tumble in computer maker Dell Computer Corp. on talk of a broker downgrade and bearish comments about the company by Piper Jaffray. (...)

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