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Technology Stocks : Net Perceptions, Inc. (NETP)

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To: allen menglin chen who wrote (2007)11/19/1999 10:39:00 AM
From: Sofa Kingdom   of 2908
 
I hope you're correct. NETP has been a roller and contrary to indicators. Just weeks ago it was languishing at 16. Even though everything about it looked good. Now it finally broke (and vaguely stabilized) above 30.

One significant variable that is unpredictable is the movement of big investors. Much of the activity and stock movement since the IPO has been on lower volume. Strong likelyhood that day traders are pumping this stock. The larger block (buy) moves yesterday indicate there is at least one big fish in the pond.

Worst case-
If the player(s) are in for a quick pump and dump themselves the stock could lose its hold on 30.

More positive outlook-
If the large block buyer(s) are in for a while then your hope for stability is likely to be spot on. With the promise of rising prices.

I have been waiting for the bigs to 'discover' this stock for some time. When they do (and I believe they will) then the short term trend will inevitably be UP.......
Your timing to get in could be ideal. Sofa so good.

-Sofa Kingdom
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