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Technology Stocks : SFNB, Security First Net. Bank
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To: King David who wrote (323)3/6/1998 10:45:00 PM
From: Oeconomicus  Read Replies (1) of 507
 
King, did you ever really expect that the bank could be a viable entity. It was a proving ground. Internet banking works, but not on a small scale. The shareholders of NetBank will find that out eventually. Unfortunately, they only have a bank. (a big part of the problem, IMO, is the ability to generate loans; can't earn much spread buying t-bills and fed funds)

Lighten if you must. I've done a little recently. But, I am still holding the bulk to see what kind of revenues start to trickle in on the data center. Also, the activity in the stock has been consistent and fairly heavy. Doesn't look like stupid Mo Mo money (that's all chasing Yahoo and Amazon anyway); looks more like the accumulation that always makes me wonder after the fact why it isn't investigated by the SEC.

Regards,
Bob
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