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Technology Stocks : Network Solutions (NSOL)

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To: pater tenebrarum who wrote (730)	4/5/1999 3:10:00 PM
From: ayahuasca	Read Replies (2) of 1377

The AMZN comparison is a good one. What was it, two weeks ago that AMZN was hovering around 115 or so, a big support point for AMZN. I was tracking it then and it seemed to stablilize around that 115 level, but for a period of a day or so it did break support and drop to around the 105-108 level. It then quickly retraced back up to 115 and after sitting there for another day went up to the 130's where it consoldated before its move to current levels. NSOL is reminding me alot of that. I am hanging tight and even picked up another MAY 110 CALL at 10 this morning. I think what we have been witnessing has been the concentrated short effort by Asensio and co. Every morning NSOL begins to gap up and then gets hit and ultimately opens down. This seems to happen on volume of like 15000 shares and the lack of a gap at open keeps away alot of the momentum players. I think this is the shorts painting the tape. This feeds on itself. How long this continues is anyones guess but with earnings around the corner and the positive sentiments expressed by analysts I just cant see this falling too much farther.

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