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Technology Stocks : Net Perceptions, Inc. (NETP)

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To: Rod Somma who wrote (1158)6/14/1999 3:50:00 PM
From: stockman_scott  Read Replies (1) of 2908
 
<<To think...after a week of solid gains (up over $3 over the past week), all of that plus more is wiped out in 1 day of panic.>>

There is lots of IRRATIONAL FEAR in the market today. The fundamentals for the best tech stocks and internet stocks have not changed since last week. Some of these wonderful fund managers are jumping into cyclicals (check out XON and IP) -- it always happens on these days. Yet, we will rebound. I have invested in NETP for the LONG TERM and I am ignoring the noise in the market and the volatility. In fact if NETP sells off much more, I may add to my holdings one more time !! Internet stocks go up MUCH faster than normal tech stocks. Yet, they also can come back down to earth quickly (look at AOL, AMZN, and DCLK in the last few weeks). I still believe in Net Perceptions and their ability to become a key player in this new digital economy. Eventually the market will value this stock much more appropriately. We may have a turbulent ride to get there though <GG>!!

Patience will pay off IMO.

Best Regards,

Scott
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