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Technology Stocks : Net Perceptions, Inc. (NETP)
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To: papazitto who wrote (2025)11/22/1999 3:43:00 PM
From: Sofa Kingdom  Read Replies (3) of 2908
 
I'd be careful judging NETP on a short trend line alone. Its definitely on the upswing, but indications are the pump and dump crowd is into NETP. A month ago this stock was stuck at 16. Today it rocks, but is there an inclination to hold it to keep it from rolling big too? I wouldn't put expectations for a shooting star on NETP yet. Any bets on NETP dropping by Wed. as the dump begins?

I think someone on this thread shared thomsoninvest.net. It shows that only a third of the investors today are institutional. I realize it's only a mechanical estimate, but it seems like a reasonable assumption considering the recent activities. Thompson shows a third retail and a third unknown. UPS for instance is like 60+% institutional.

I don't know what the float is on NETP, but it looks like the stock will be on the wild ride in both directions for a while. I speculate there are a couple of big fish in this pond, but the rest are frenzy feeders. Eh, chum? Volume is up, but there is a fair amount of sell in that volume. We agree the long trend will be up, but I don't believe it will be quite as aggressively or quickly as you predict.

In truth, I hope you're right. I could buy a lot of sour grapes if this stock skies. You could rub my nose in it and I wouldn't mind. There would be more comfy chairs than I would have tushies to put them in. I could live with that.

-Sofa Kingdom
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