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

To: AugustWest who wrote (1287)	3/27/1999 9:48:00 PM
From: Goolie2	Read Replies (2) \| Respond to of 2414

August, first of all, both institutions will flourish. e-Banking gets the spotlight over the next few weeks. Surprisingly, very few stock trading individuals know NTBK, and fewer know TBFC. Just go and check the chat rooms. Most of your questions are irrelevant. Who is first is of no matter. Was NetBank offering online banking before Telebank? I don't know. If you do know, please let me know the date each started. Telebank was the first direct bank in this country. They closed their branches back in 1990. Today, 60% of their customer contact comes via the net. They have about 6X the assets of NTBK last I checked. Yes, NTBK is growing assets faster, but they are working off a smaller base. I even believe NTBK is growing new accounts faster not only on a percentage measurement, but on a unit measurement. But if you dig a little, you will find more TBFC strengths. TBFC has larger accounts. They have superior telephone support. They have superior management and asset quality. They have superior shareholders, and underwriters. It's your money, so invest it any way you like. But if you plan to stay in e-banking for more than a few months, it behooves you to do your due dilligence and check out the competition. I do believe for traders NTBK may provide better returns. They attract more retail buyers which in turn attract more institutional shorts. That makes for explosive short covering moves. But I can't buy size in a company managed like NTBK. I have to have confidence in my investment decisions, and that is why I am long TBFC. But don't worry, as long as NTBK doesn't blow up it's asset portfolio, TBFC will drag it along. And if it does, TBFC will scoop up NTBK customers for a few cents on the dollar, after all, TBFC already has their phone number, 800-NETBANK. Goolie2@aol.com