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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank
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To: VALUESPEC who wrote (1926)6/19/1999 8:05:00 PM
From: Dr. Jeff  Read Replies (5) of 2414
 
Let's get real here Folks. What barriers to entry are there in "INTERNET BANKING" ? That's right, NONE! Anyone could start this "business" and besides, Big banks are already offering internet banking to their customers.

Netbank has limited assets and is extremely overvalued at 110 times earnings. They aren't growing at 110%. Most of you on this thread hyping NTBK were buyers at MUCH MUCH higher levels are just trying to console each other. If you REALLY believed in the long term future of the company you wouldn't be here posting. You wouldn't worry about short term movements in the stock. But the fact is, you are worried because you overpaid for something by getting caught in a frenzy! Why did you buy at such high prices? You must ask yourself that question! Why wasn't "THIS GREAT COMPANY" (as so many of you say) on your radar screen when the stock could be had FOR UNDER $5 only eight short months ago?????? Had you actually been savvy, you'd have owned it then and been SELLING when you were buying. Now you'll be EXTREMELY LUCKY to break even. Ah, the perils of speculating!

Remember: BUY LOW, SELL HIGH! (funny how the masses do it in reverse)

You all better reassess if you think these prices are "A BOTTOM" for such a heavily hyped stock. Short term low maybe, but there is far more work on the downside for the entire internet sector yet. I'd consider buying NTBK at $12 IF the company can "SHOW ME THE MONEY!"
But who knows, when it gets to $12 it may still be too expensive. Always gotta reassess!
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