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To: pater tenebrarum who wrote (99041)5/2/2001 3:55:08 PM
From: John Pitera  Read Replies (1) | Respond to of 436258
 
Assenio is shorting VRSN... my brother was tagging along on the WCII short and I watched WCII go to bankruptcy

I don't think VRSN is going belly up, but it probably is overvalued, the latest earnings were enhanced by
tax treatment instead of intrinsic business growth. I picked up a few puts on the vrsn...

15:34 ET VeriSign (VRSN) 58.97 +6.42 (+12.2%): Short-selling outfit Asensio & Co takes aim at VeriSign in its latest bearish call. Firm questions company's ability to gain DOC approval to maintain control of the ".com" Registry. Asensio goes on to call VRSN "grossly overvalued."