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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank

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To: Dorine Essey who wrote (1640)4/26/1999 2:42:00 PM
From: Mike Milde  Read Replies (2) of 2414
 
Been holding FORE a while. Sold it on the news at lunch today though. I'm not gambling on a merger.

Held NetBank over a year but sold recently. Not sure how to play these net stocks. It was an easier decision to buy at the time. Right now, you have to believe NetBank will generate profits by being something besides just a bank. If you read their past earnings reports (not the latest one), you'll see that they've always described themselves as ONLY a bank.

A bank does not make a net frenzy, so I'm out until further study reveals another reason to get back in.

Mike
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