Silicon Investor (SI) -- The First Internet Community

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 : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: ratan lal who wrote (6472)	9/8/1999 8:22:00 AM
From: Lynn	Read Replies (1) \| Respond to of 12475

Hi ratan! I didn't even know this thread existed until last night, ratan. I found it (and your posting) while doing a search for SVRN. I have learned my lesson thanks to NAVR myself. This playing stocks for the IPO is too dangerous, too undependable, basically too risky. Looking at a few stocks _in_the_past_ and taking for granted other stocks (i.e. NAVR) will do the same thing just does not work. NAVR is a stock for day and other short term traders. Period. I am neither so it was just the wrong kind of stock for me as I now know. From now on I'm back to my pre-NAVR investment style: buy quality. Back to SVRN: You might notice that its high has been around 28 even though it is around 11 (?, maybe 9? I have not checked) right now. This is because SVRN has caught the eye of internet stock speculators, has been the target of internet stock pumping (then dumping). For anyone but professional traders, SVRN should only be purchased as an on-the-ground, traditional bank, totally putting aside its thrust into internet banking. Doing it this way, one can determine a safe price range to get into SVRN. Anything else plays into the dreams of internet stock riches which we both now know, via NAVR, can be no more than dreams--wake up and there's nothing there. I mentioned that I have a number of relatives and friends who hold shares of SVRN. None of these people have purchased their initial shares in the past year, maybe 2 years. These are long term shareholders who have considerable interest in regional and local banks in this zone of the country. None of them have any knowledge--or interest--in internet stocks. Personally, I would not jump on shares of SVRN right now. Although I am delighted it is buying those branches in New England, an article I read over at Yahoo last night questions if SVRN will be able to crack the banking market in that zone. Lynn