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

To: JC Reddy who wrote (937)	4/20/1999 1:57:00 PM
From: CMon	Read Replies (2) \| Respond to of 1377

As for your point #1, you're right. No one knows, for the moment, how it will turn out. The 11 bullish analysts you mentioned seem to pay no attention to the risks in their models. At least Asensio, among others, pointed out that such risks exist. But the shorts were arguing, or positioning themselves, in the belief that the bad scenarios would come to pass, but rather that the stock wasn't valued for anything but a best case outcome. It should reflect the possibilty of the downside scenarios for NSOL as well. As for point #2) perhaps NSOL will migrate into other high margin businesses, perhaps not. We'll see. It may even return to the absurd multiples other internet stocks still carry. I believe that those stocks also price in only the best possible scenarios. It is possible that instead of NSOL recovering its own best-case scenario multiples, the rest of the internet world will, before then, revalue to reflect something less then the utopia they currently foresee.