<<If you think you are right, but just early, get in big and
HOLD ON. I sold ATHM too soon, at $90 (still got a 4-bagger)
but could have sold at $190 a few months later...>>
Great insights David. Last December I bought a little Infospace (INSP) in my online IRA and rode it for a little while (sold it after a 150% gain)..check it out now...It's up over 5 times since it went public late last year. There were a few rocky times but it has gained a lot of investor support. I made a some money BUT could have made MUCH MORE if I was patient and held. After some careful DD, I am a big believer in NETP's potential. I have a great deal of confidence in NETP's management, unique products and strong growth prospects. I have bought A LOT of NETP shares -- from $20 on up to around $26. My average purchase price is about $23 3/4. Yet, I have decided that this is a LONG TERM investment for me. NETP is my largest position in both of my online accounts and I can afford to be patient. IMO, this company is still off the radar screen of many investors. That will change. You never know when there will be a BIG strategic alliance or contract (with a major player). I really feel that NETP is under-appreciated in the current market. This company provides a great technology product that enhances successful e-commerce. I honestly feel that in the next twelve months this stock could be up in the triple digits (unless it splits along the way).....I'll leave you with some comments that Dan Rimer from Hambrecht & Quist made yesterday....
<<--We believe NETP's high multiple relative to other Web software vendors is defensible for these reasons:
*The company is the first mover and leading technology provider in an area (suggestive selling / Internet Intimacy) that we believe will be receiving a great deal of attention from the investment community over the next few years;
*Triple-digit growth prospects through FY-00;
*The company's relatively large installed base of high quality Internet retailers, and;
*Its relationships with leading Web applications developers (Vignette, Broadvision, IBM, and Oracle) which leverage the company's technology into their own software offerings, or distribute Net Perceptions software. As a result, we believe the company deserves a premium valuation, and represents a significant opportunity to long-term investors.
--Conclusion:
An Internet Intimacy revolution is beginning to sweep the Web, opening up a key opportunity for Web publishers, merchants, infrastructure suppliers and investors. Net Perceptions has emerged as a leading enabler, with technology that helps online and offline merchants improve sales results by recommending other products that customers are likely to favor. The company's technological and market share advantages appear sustainable, and we believe Net Perceptions will enjoy rapid growth in a quickly expanding market. We are initiating coverage with a BUY.>>
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I wish everyone the best of luck with their investing. I have over 1/3 of my total holdings in NETP and sleep very well at night. I'm also maintaining positions in AWRE, CMGI, DELL and MCNS.
Best Regards,
Scott |
