To: David Cal who wrote (6477 ) 5/4/1998 7:03:00 PM From: PartyTime Read Replies (2) | Respond to of 18444
Though I fluctuated between 3000 and 7000 shares of NETZ going way back to last fall, it was much later when I got involved with the SI thread. I got turned on when a friend was reading a computer magazine and told me about it. Prior to that, I had turned him onto a stock that made him a few thousand dollars. It was the perfect complement. I looked up NETZ and found the concept completely irresistable. Indeed, movie-quality commercials on the internet seemed quite like the next logical step for an internet stock. It is. What I didn't expect was the dose of frustration and downright near, if not, fraudulent remarks on the SI/AOL boards. When NETZ popped last time it was a very sad moment for me since I had just withdrawn my shares to play into a pharmaceutical merger which didn't work--I lost. By the time I got back into NETZ, it was on the high side (I lost again, even though I had it right). I've since averaged down to 63 cents. So it was the combination of being there early on--and still missing the boat--coupled with my high position, that made me such a diligent defender. Throughout all of this I've valued the constructive criticism, and have learned from it. Incidentally, there was one other fact--a human element--that helped shape my gut feeling on the matter: When Matty and David returned from Newport, they noted that Tom Burgess just had a baby. Call it a flash, call it what you want. But what I saw was a good, family-building, career-minded bright individual who was working on cutting edge technology. This helped shaped my view that there was a sincere element as a force promulgating NETZ's evolution. Regarding Hayton? So many times we've been brought to the line on this one. But heck, I'm a spacecase myself sometimes. I don't do things ordinarily just because other people do them in such a way. I've not had scrapes with the law or anything, but I eccentrically go about my life. And since I never heard anything to describe Hayton's side of the story, I hedged my bet that perhaps he too was an eccentric prone to being misunderstood. I also took it as a hint that he was so confident of his vision on internet advertising, and getting the funding for it, that he didn't need to respond. It would have been nice for us if he did, but he didn't. Of course, it's far more likely that he is a savvy investor and knows the ins and outs of the stock market; as do most brokerage houses that have been SEC-sanctioned over the years. And since no one did a Lexus legal search to note whether his past scrapes are under appeal, or to note what he said or what his positions were during those legal proceedings, I had to go back to what I did know. What I did know was described in the early part of this message. Oh, I'll probably be frustrated again in this whole ordeal. Jon Tara certainly tested my patience this morning--he wins when the contest is agitator status. But I'll get over it; as will he. To correct the previous poster, I believe Jon has stated that he never owned the stock (but that's for him to describe). My advice to him is: Buy some before the bus stops next to pick up a few more folks. It's hard to say you've lost money when you've invested in a penny stock--the possibility of this is rampant throughout the entire penny stock world. So why not risk a few to get a few, Jon?