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Technology Stocks : Network Solutions (NSOL) -- Ignore unavailable to you. Want to Upgrade?


To: RocketMan who wrote (590)3/25/1999 6:07:00 PM
From: Ian Dyer  Read Replies (2) | Respond to of 1377
 
Rocketman, I remember you saying the same thing about NSOL way back in September last year when NSOL was $50/share. I specifically remember you saying, "You can not fight these pro shorters". Well, I fought the shorters before, and I will again. This is a hell of stock, and I don't think assensio knows what he is doing messing with this giant. It will surely put a big dent in his "Short Portfolio". I'm going to find your comments from a few months ago, and I will post them.



To: RocketMan who wrote (590)3/25/1999 7:14:00 PM
From: KM  Read Replies (1) | Respond to of 1377
 
That's what they want you to do. FWIW, here's a take, technically.

Support at 99-100. They tried like hell to break that today, failed so far. Interesting timing of the "strong sell" with the stock very near support. If the support holds, a reasonable retracement would take it back up to 130ish. At that point, evaluate or use a trailing stop. If support breaks, bail.

That's what I'm doing. I have a small position deep deep under water but I'll be damned if I'll sell at the bottom.

BTW, I suspect that this new [potential] short position was leaked the other day when the cascade down happened. I was watching on level 2 and you literally could not get out unless you were willing to sell below the bid. It looked like one of those limit moves in sugar futures.