Anthony @ Equity Investigations, Dear Anthony, Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mama Bear who wrote (29850)	4/13/1999 9:47:00 PM
From: J.Y. Wang	Read Replies (2) of 122087

<NTBK> I wouldn't short NTBK right now. It's a POS with no competitive advantage and no barriers to entry, but the stock market is an interactive "game" where the rules are made by implicit agreement by the participants. If others think NTBK is the greatest thing since sliced bread, then it is the greatest thing since sliced bread (at least in the short term). NTBK says it will be able to offer higher interest rates for deposits because of its lower expenses. True, but so can't anyone who sets up a bank on the internet? Again, where is the competitive advantage and barriers to entry? KEEP THIS IN MIND: Money is a commodity like rice, wheat, copper, or pork bellies, and banks are in the business of "buying" (paying interest for deposits) and "selling" (charging interest for loans) money. It's a difficult concept to grasp but is absolutely true. Even if NTBK can charge a smaller margin for buying and selling that money, which is what they claim, how can it protect its turf from wannabees? It can't. Is the money offered by NTBK different than the money offered by other net banks or other banks? No. NTBK is a flying POS. You heard it here.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next