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To: chowder who wrote (92627)	7/20/2001 7:42:35 PM
From: Sharp_End_Of_Drill	Respond to of 95453

Dabum, re VRSN. My short on these guys is probably intermediate term. I've been shorting them since their pre-split days, and even got a few north of $200. Unfortunately I covered those well north of $150 - too bad as I could have simply forgotten the rest of this market mumbo-jumbo and retired on this one if I had piled on and just stayed the course. The company has a crumbling monopoly on registering domain names, and in my opinion a comparatively worthless security business. They also have a lot of "cash" on their books - but as we've been slowly finding out with the rest of the tech implosion that "cash" is often times stocks in other worthless concerns. I'm betting that accounting rules, and a possible writedown of the "cash", are going to make their already sorry quarterly statements look even worse. Their market cap should be closer to $1 billion than $9 billion. I'm going to wait a while longer for that day, although I'll probably partially cover in the $30's. Thanks for the input. Sharp