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Technology Stocks : Network Solutions (NSOL)

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To: Kenneth M. Koff, CPCU who wrote (629)3/29/1999 1:52:00 PM
From: Chuck Molinary  Read Replies (1) of 1377
 
Kenneth,
<<Chuck, are you short this stock? C'mon, fess up... >>

Yup. In fact, I've done quite well this year by shorting NSOL (a few times). Yes, I sweated out a maniacal run to 300, but I'm back in the black now and waiting for more.

The stock's inability to crack 110, especially during a VERY UP day today leads me to believe that there is definite weakness here. In fact, I'm considering lowering my buy to cover price by 10%...

I have no grudge against the longs which have made money in the stock (although the converse does not frequently appear the case). It does crack me up to hear people shout about the "billions" of domain names that will be registered in the future. Does anyone honestly believe that GM will be creating thousands of www.gmpart_198329.com addresses? Wouldn't it make just a little more sense to register www.gmparts.com for $20 and then index the parts from that site? I think that would be preferable to paying $20 times X thousand parts, wouldn't you? Or maybe Amazon should create a separate domain for each book and video they sell. That would bring in lots of money to NSOL.

See you at $40,
ctm
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