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Technology Stocks : VeriSign (VRSN) -- Ignore unavailable to you. Want to Upgrade?


To: Eric Van Buskirk who wrote (53)3/12/1998 8:09:00 AM
From: Gokhan Gezmisoglu  Read Replies (1) | Respond to of 1285
 
>6000K< as in 6 mil?

Very risky. I agree that this stock at $700+ mil. market cap
is unbelievable.

But the funny thing is, it is ridiculously overpriced at 200mil
or at 100mil or at 50mil market cap. If the stock is priced
at this level, than something else is driving this stock. I have
no idea what, must be some kind of insanity.

That being said I have to confess, I also felt the urge to short
one of these Internet plays. I picked NTKI which is probably
5 times more absurdly priced than VRSN. I am heavily shorting
it and I will keep on shorting if/when it goes up. To me they
should go bankrupt tomorrow. There is only 2 endings to this
story;

1)The stocks will crack, we will make a lot of money and live
happily ever after.
2) We will not be able meet a margin call after the stock
turnes into a 10 bagger and die penniless under a bridge.

Good Luck!