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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank -- Ignore unavailable to you. Want to Upgrade?


To: Ken who wrote (2152)7/30/1999 8:34:00 AM
From: Sanjay Varma  Respond to of 2414
 
NTBK current price is stuck at 200 day MA. The market looks to be heading down for a few weeks so I think that NTBK will break down.

PE is 176 according to Yahoo. NTBK could lose another 30-40% of its value. Pervasive advertising by WingSpan will hurt by stealing new accounts and also investor attention.

But then NTBK will shoot back up. Waiting on the sidelines to buy in.

Just my opinion.
-Sanjay