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.

Technology Stocks : Net Perceptions, Inc. (NETP) -- Ignore unavailable to you. Want to Upgrade?

To: Walt Corey who wrote (2125)	12/1/1999 7:35:00 AM
From: Dave Doriguzzi	Read Replies (1) \| Respond to of 2908

Walt, Are you related to Steve Balmer? <ggg> Anyway, here are a few more thoughts (not that you solicited them): 1) Do I think this market is crazy - yes! 2) Do I think there are many extremely overvalued NASD stocks - yes! 3) Do I think there will be a correction - yes, it may have just started 4) Am I setting up my potfolio defensively - yes, I just bought a bank stock for the first time in about 3 years! 5) Can I time the market - not very well. 6) How about the valuation of NETP - it may go to $80 before it goes back to $55, or it may go to $25 before it goes to $80, who knows? Again, the old adage is very important "the trend is your friend" I have sold too many great stocks way too early this year and NETP IMHO does have great potential. A sampling of my early sells: BVSN bought at $10 - $13, sold at $40 - $46, now $275 MSTR bought at $16 - $18, sold at $24, now $125 GCTI bought at $16 - $20, sold at $23, now $51 ARTG bought at $10 - $14, sold at $20, now $63 SEGU bought at $4 - $6, sold at $9, now $23 EXAP bought at $21 - $22, sold at $23, now $60 INFA bought at $22, sold at $26, now $72 And these are only in the last 6-9 months with many thousands of shares (that's probably why I sold so early)! The point is I am heavy into NETP (I told you how much) and I think these guys have a chance at seeing what I would call an extreme valuation for their stock. Everyone has to play the game the way they see it. I can understand your conservatism, however, if you go back and review your posts from yesterday afternoon I think you will see that you were doing more than advising a little caution. Good Trading! PS: Look at CIRC. Interesting for the price. Compare to Razorfish, Scient and Agency.com (ACOM) which is coming public this week and will be "Red Hot".