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Technology Stocks : Network Solutions (NSOL)
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To: Cathedra who wrote (1218)6/18/1999 4:55:00 PM
From: pater tenebrarum  Read Replies (1) of 1377
 
Tom, NSOL is struggling with it's overhead descending 50-dma here. i expect it will first make a right shoulder to complete a reversed H&S pattern before moving decisively higher. this is of course just a guess at this time. one thing i am pretty sure of is that the downtrend in this stock is over and that higher prices can be expected in the intermediate term. if it consolidates in the manner i expect, i intend to jump back in somewhere in the 60's. i sold my position in NSOL way back when it failed to surmount the 120 barrier, not too long after asensios first attack. btw, he seems to have given up on shorting NSOL, the short position is way down from earlier levels and no more manipulative press releases are forthcoming.

regards,

hb
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