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: Mike Milde who wrote (2038)	7/5/1999 11:59:00 PM
From: VALUESPEC	Read Replies (1) of 2414

<<No, you did not understand me correctly. I bought a bank at less than $6/share (a huge price even then) that was primed for high growth and future hype. When that materialized I got out because the market saw the same thing and jumped in. It's as simple as that.>> Mike, let me see if I understand you now. You bought NTBK based on future growth which you think has already been realized, and that you think NTBK has been fully hyped. Even at the recent price of about $25 per share, you did not feel that NTBK was a buy. Again, do you feel NTBK is a good short here? If not, at what price would it be a good buy, again, in your estimation. I am puzzled as to why you held NTBK up to about $65 (post-split) and yet wouldn't buy back below $30. Mike, doesn't NTBK's fundamentals look better now than they ever have? Isn't NetB@nk growing faster now than when you bought at $6 per share and don't they have more money to grow with than when you bought? And hasn't NTBK produced an impressive track-record, even becoming profitable since you first bought NTBK @ $6? NTBK: ~ $39 VALUESPEC

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