NOPT: Northeast Optic Network, Inc Message Board

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Technology Stocks : NOPT: Northeast Optic Network, Inc

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To: J.Y. Wang who wrote (695)	11/2/2000 5:05:53 PM
From: gypsees	Read Replies (1) of 708

Those of us who own this stock and saw it go way up were thrilled with the move. Unfortunately, some of us were too inexperienced to take advantage of the enormous gains for which I hope we've learned a valuable lesson. Posting positive comments or good news is not promotional in my view. Besides that, anyone who can't take responsibility for their own buys and sells doesn't need to be in the market in my opinion. If I were to buy solely based on something someone told me and didn't do my own research, I would not be able to complain too loudly if I lost money. I'm afraid a lot of people and a lot of money have been taken out of the market in the last few months, but I still don't understand why you would be happy when others loose money or why it would even matter to your portfolio. There are still a lot of companies very richly valued in my opinion and some of them are still being touted by the analysts. I lost money from not buying some of them because I was afraid of the valuations. But they are still too rich for me. I think the bottom line is that companies are worth what people are willing to pay for them regardless of fundamentals. Supply/demand sets the price and if people choose to buy based on another person's opinion - it's their choice as to how best to manage their money. It doesn't directly affect me either way. I still like NOPT because I believe it has a bright future. I believe broadband is the best way to access the internet and that it will grow by leaps and bounds in the next few years. Unfortunately, it's not a cheap business to roll out and put in place. The stock, like many others, just got a little ahead of itself. It isn't a major player but it's in a good industry, it has good management, excellent growth potential and I can afford to buy more than a handful of shares. I have been trading it successfully for the past few days but plan to go long again when the chart turns around.

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