Net Perceptions, Inc. (NETP) Message Board

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Technology Stocks : Net Perceptions, Inc. (NETP)

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To: allen menglin chen who wrote (2029)	11/22/1999 3:45:00 PM
From: Walt Corey	Read Replies (1) of 2908

Not short at all. I probably have a far more substancial long position in netp than anyone else on this list. I have, however, reduced my exposure some and eliminated my margin debt. What I have done (several times)is sold in the mid $30's only to buy back in in the high $20's or low $30's. My earlier post about valuation is that rather than complaining and expecting netp to be priced at vign prices that it's more likely vign will drop to a more reasonable multiple. Is vign even turning a profit? I think the real eye opener is the total market cap of all the companies that have yet to turn a profit, not only now but for the foreseeable future. I would consider IBM, or Dell or GM buys and hold. The lession I learned from netp (in at $24, 5 months in low teens) is to never allow a not for profit company to exhaust your resources (-40%). There is way too much pump and dump going on here.

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