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Technology Stocks : Net Perceptions, Inc. (NETP)
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To: rupert1 who wrote (2663)8/11/2000 5:26:19 PM
From: Vocco_the_punk  Read Replies (2) of 2908
 
I have to believe that NETP is still overvalued at this price...$6 seems to be a reasonable valuation. What the stock traded at historically has nothing to do with forward-looking valuations. eCRM sector stocks are all getting a reality- check, which is still ongoing. I suggest most of you sell now and avoid the inevitable drop, buying back at $6 or so. It doesn't matter how much you've lost, just how much you might lose by holding on during this re-valuation.
It also doesn't help that the market's overall appetite has changed...no one wants a stock which will not be profitable for another year, when they can have plenty of fast-growers with current positive earnings. NETP is still bleeding cash at a fast clip.
eCRM is a passing fad. No one thought AMZN would crumble to dust. NETP may not ever achieve $20 again.
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