Today I sold 200 shares of NTBK @ $11.68 in my Datek account.
Now that online banking is not rocket science, I growingly feel that this stock is no longer a growth stock with high appreciation potential and has become a bit complex to evaluate. With an earning of $0.22 in the first quarter and up to a dollar earning in estimate for the year, the stock is not very cheap compared to peers in the banking industry, not to mention its mortgage banking profitability is sensitive to interest rate climate.
This move is motivated by need of peace of mind before my scheduled vacation in early June. Also, I have some liquidity needs because I'm eyeing at opportunities to buy my house in the near future. To that end, I'm considering liquidating other positions like CI and S right now.