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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Bridge Player who wrote (604)	3/21/2002 7:05:10 AM
From: Joe Stocks	of 787

re: VRSN- After I posted yesterday I did some research to see if if I felt the fundamentals would justisfy a short position. VRSN's fundies are much more feasible now and I did not see the Risk/reward of a trade at this level. I still think their price to sales is high but the P/E is reasonable for their growth rate. I have some doubts that they can make the numbers that they are projected but I'm not going to fight what they are saying. If they pop back up over 30 I will revisit for a short. I think they are fairly priced at this level and I don't see much upside. I don't see a play either way. What is important about yesterday's news is that some doubts will continue to linger and VRSN has always been disingenuous in reporting their numbers. Joe

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