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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (7649)	4/9/1999 4:55:00 PM
From: Bill Wexler	Read Replies (2) \| Respond to of 18998

Manuel Asensio has also hit NSOL. However... IMO the internet frying pan is still way too hot. I feel far safer shorting VLNC at 7 and ERTH at 9 than this hot air balloon at 100. ".com" businesses can mutate and change direction at the drop of a hat. Even if it is crystal clear that the domain registration business is going away, one or two press releases from NSOL announcing some new (to be determined) internet venture can send the stock flying. Furthermore, NSOL may be "fishy" but it certainly isn't in the same category as a PRFM. I still question the wisdom of shorting ANY internet stock in the current environment. At some point in the future there's going to be enough supply out there that you'll be able to hit dozens of these things with impunity. When there are no longer strangleholds on the floats and a press release announcing the acquisition of "turd.com" doesn't spike the price +25 then I'll be a lot more comfortable.