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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: allen menglin chen who wrote (70523)11/9/1999 11:53:00 PM
From: Susan G  Respond to of 120523
 
Allen the lockup on NETP expired 10/23, and the selling began. I bought it around the time of the IPO, sold some and have been buying it back lower for a while.
I don't know why so many insiders dumped when the lockup ended, except maybe they were frustrated that this stock did nothing but go down since its IPO. Well, they sold too soon!! And I of course wish I bought more under 20. I don't think it will ever go that low again, it's been "discovered". I think it will go into the high 30s easily, but I don't have a sell target. It's a long term hold for me.
NETP went public in April I believe, A really bad time for IPOs. Keith Benjamin/BBRS have always been positive on the stock, they cover it on their site:
internetstocks.com
www.internetstocks.com