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

To: Norm Demers who wrote (263)	10/23/1998 5:12:00 PM
From: Platter	Read Replies (1) \| Respond to of 1285

For those who want to hype this stock, then dump...known as PUMP & DUMP>>>>>Look at the collapse of several small cap Internet stocks , and the pain those investors suffered buying at the top and being left holding the bag after momentum players exit the stock....They were all praising revenues and ignoring continuing losses....Yes I was attacked about my comments on these stocks....but when the stock collapsed...well they are all waiting for them to recover...waiting in vain that is.... I will offer a few examples...NETG was trading around 26 recently...and investors were bidding up the stock on hype...while insiders sell and the company continue to rack up heavy losses, now the stock is around 9.00 , the market has recovered somewhat...and those who were buying at 20-26 a couple months ago...have been stuck with the hype and have little hope left..... I took similar views on DCLK....was 77, then 60 then 50 then, reaching a low of 13 couple weeks ago.....Go tell those investors who bought above 30...go tell them that things will get better, revenue growth counts, not earnings....well they are stuck with PTVL.. As others are stuck with USWB down from 38...to as low as 9...while it has recovered somewhat to around 14.....where are all those people who bought above 20 on the hype! Also look at most of the small cap Internet stocks(admittedly YHOO,RNWK,XCIT,AMZN still are in favor), but check out the collapse of EXDS, ISSX, PTET, SRCM(especially)...read my post on SRCM when it was 39..its now around 9....while the like of YHOO , AMZN have recovered over the last week..the small caps ones have not. So on to VRSN...it will follow the path of all these stock and be back down to 19, before slipping into the single digits....just like I predicted with the others.....Check my posts