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


To: PJC who wrote (257)4/6/1998 10:45:00 PM
From: TLindt  Read Replies (2) | Respond to of 2414
 
I am curious why some people are selling a good portion of their shares when we keep seeing more and more good news.

You get paid for discovery and you get paid when you are right........take 1/2 on each.....and you never lose.....JMHO.



To: PJC who wrote (257)4/6/1998 11:08:00 PM
From: Jimbo Cobb  Respond to of 2414
 
PJC...I still hold a few shares, more than completely paid for by the profits I took on my other shares of NTBK, but I have a hard time justifying the current valuation on NTBK from a fundamental aspect.

Could it be another AMZN ?? Yes, it could...but I see more competition from traditional banks.

I entirely agree with the Interstate/Johnson analyst who cut the rating on NTBK from STRONG BUY to LONG TERM BUY.

I also think we are due for a cool-down in some of these stocks that have doubled in a month or two...if so, NTBK could easily drop back to $20 or so.

Just my opinion...I hope it keeps going up.

Mark.