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Technology Stocks : Network Solutions (NSOL)
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To: pater tenebrarum who wrote (1222)6/22/1999 4:42:00 PM
From: Cathedra  Read Replies (1) of 1377
 
Thank you, Heinz, for thinking of me. I still have all of my NSOL and will hold them through the cycle lows. I did unload my position in ATHM and EXDS yesterday. I looked like a fool late morning today, but have regained some self-respect at the closing bell.

I think that, in the longer term, this kind of pullback sustains the upside of the market. (Here's hoping all the patients survive the operation!) After all, a parabola has two sides. But since I couldn't call the (very short-term) top of the Internet stocks, I won't try to call the bottom. (Besides, my NSOL position gives me enough exposure in Internet.) I did a little sector rotation this afternoon and bought LSCC at $56 and MSFT July $87.50 calls at $3. I will appreciate it very much if you will give your opinion on these moves.
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