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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank
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To: Clive Roberts who wrote (970)10/16/1998 1:28:00 AM
From: AugustWest  Read Replies (2) of 2414
 
Net.B@nk offers the 3rd-highest rate in the country on a six month CD. With a rate of 5.54%, the company offers the most attractive rate on a One Year Jumbo CD in the U.S.

and this....

Interest rate risk is NTBK's primary market risk exposure.

I think the FED helped out today. If the 'net stocks come into favor in the coming weeks, and we meet, or perhaps surprise(though I'm not expecting one) on earnings, should push this back to a support of 18.

Might bust through, but I doubt they could reach for new highs so quickly again. The run was in part due to the 'net frenzy, and the timely interview with CEO on "Squawk Box".
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