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

To: Bruce A. Thompson who wrote (1537)	4/14/1999 4:00:00 PM
From: Mr. Miller	Read Replies (2) \| Respond to of 2414

If you are willing to hold...yes, it is a winner. However, this run was too fast, too far. A standard, worst-case-scenario retracement for internet stocks in a bull run would be anywhere from 30%-40% off highs. That would place NTBK loss potential here from $75 to $100, which it is now reaching. However, add to the mix that this company just went from about $50 a couple weeks ago, to nearly $250(a five bagger in two weeks) and you may have even more downside than the usual 30%-40%. This is a short-term destruction. You should have expected it. Wait long term(like 2-3 years) and you will have a $10 billion company. Besides, the whole internet sector is taking a breather along with the NASDAQ today. Profit takers and short-sellers making money today. Not alot of buyers. They were in full force yesterday. Even the internet sector is going to have down days, but the trend is UP and that is what counts! AND, when this list has companies you never heard of(namely small chump-change stocks): quote.yahoo.com You know it has been a slow, and down, day. Miller

To: Bruce A. Thompson who wrote (1537)	4/14/1999 7:07:00 PM
From: John Manecke	Read Replies (1) \| Respond to of 2414

I also thought the CNBC analyst didn't quite cover the complete story, though he made some good points. He seemed to imply that since NTBK couldn't match the ROE of C that it 's business model wasn't better than traditional banks. I'm amazed there's any ROE at all. This thing is very new as Bruce says. I'm not looking at the present ROE when considering whether to go long on NTBK. The one point that surprised me was that 40% of internet banking customers for C were new customers. That means they're taking share from someone else. Who are they taking these customers from? That's supposed to be NTBK's business. Any recent reports on why people change banks that is based on facts rather than opinions would be useful to the discussion. John

To: Bruce A. Thompson who wrote (1537)	4/15/1999 11:26:00 AM
From: George Gotch	Read Replies (2) \| Respond to of 2414

Hope you have looked at a quote lately. Here is a lesson for you. Timing is everything in life. Hard to invest long-term when you buy a stock up 10fold in a month. Also, don't get into this mindset that the net is going to crush traditional banking or retailing. Not everyone lives in a cyber world plus these "retailers" will utilize a web model also to supplement their current sales. Especially with banking, margins are so thin there you have to way the convenience of being able to get your money and the so called savings. Where is your advantage? Getting the money bothers me. I have to go to an ATM. Now that I live in Florida, I have a choice of 13 ATMs where I don't get charged. That is totally inconvenient. So I make a little more on my savings and pay through the nose to get my cash. I think I will stick to my major financial institution that offers online service. At least I know I can go to the bank to get my cash.