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


To: Mike Milde who wrote (901)9/1/1998 9:06:00 AM
From: JTinker  Respond to of 2414
 

<<If they can simply be first and be the best, then I know they will later be profitable.>>
I agree with what you are saying Mike, I had never heard of an "internet bank" until informed about it from a friend. I have set up both a money market and brokerage accounts. I am pleased with the service, It's easy and fairly priced to do business. I have since turned some of my co-workers on to NTBK, whenever they grumble about paying high commissions to thier brokers. Hopefully this cycle will repeat itself....





To: Mike Milde who wrote (901)9/1/1998 9:48:00 AM
From: Elsewhere  Read Replies (1) | Respond to of 2414
 
>If all that counts are *real* earnings,
>then I know a few real bargains!

Which ones? Only companies with sustainable earnings, please. Look at MO - the 2nd best Dow stock in August.

>If investors are too short sighted, or don't believe NetBank
>will be successful, then that just presents a good buying
>opportunity for the long term buy-and-hold investors that
>think NetBank is doing the right thing.

Go ahead - the market doesn't prevent you from buying twice as many shares for the same price as you were able to get during the CNBC appearance of CEO Grimes just one month ago ;-).
Don't misunderstand me - I like the company, too, and the potential is considerable, but the market mood seems to have changed. Risk premium is repriced all over the world, and any assets which are not bullet-proof get slaughtered. If signs of a recession get stronger (just look at yesterday's worst NAPM index drop since 1986) we might easily see a Dow of 4000-5000.

Best invest,
Jochen