Dave, no one is trying to talk anything down. NETP may hit $500 tomorrow, but I doubt it. Because the Perkins' said it doesn't make it so, regardless of what they say. There are no metrics that can value NETP (or 132 of the others) at their current prices. Greenspan has cautioned about this over and over again and he CAN make is so. I, and other, are only stating that NETP will go down. It's not if, it's when, period. That doesn't mean there isn't more money to be made on it. If ever someone might whisper to you saying it's time to liquidate your holdings in NETP, you might want to check it out. But logic that says since it's climbed from $10 to $40, it's overdue to climb to $100 is idiotic and anyone subscribing to that will lose their lunch money. It also fell from $35 to $10. Irrespective of i-nets, smart investing for this class of company says pick a target and get out once it's been met. These are not buy and hold companies, DELL, IBM, EMC etc are. Some people spend their lunch money on lottery tickets too. For all those living in bliss in their own private realities, good luck. I prefer cautious investing and when all the indicators say it's time for a major drop I pay attention, independent of what the Perkins' say. I may well reinvest in NETP, but only to ride it up, not ride it down. I already rode it down once. If you saw them on CNET, wonderful, that was not the Cliff Notes, read the book.
rant rant rant. |
