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


To: gridiron 99 who wrote (541)5/3/1999 7:42:00 PM
From: HECTOR RUBERT  Respond to of 1285
 
Anyone noticed how strong VRSN held today?

AOL down 9pts
XCIT down 8pts
EBAY down 17pts
AMZN down 21pts
YHOO down 12pts

VRSN down less than 4pts. (Now this is strength folks!!!)

Also, did anyone noticed how are low of the day was higher than our previous low?

Another bullish sign folks...also it looks like 120 is the resistance level as we re-tested the price for the 2nd time in 2 trading sessions.

Summary: In the past 2 trading sessions ....while the rest of the techs are bled ...VRSN keeps trying to break beyond the 119 while setting higher lows and higher support levels.

Look at the other net stocks...they're going lower per day. Not VRSN!!

We will blow past 120 easily once the Nasdaq gives us an UP day. Today's activity with the nets was pretty severe..so I expect a technical bounce soon and VRSN will benefit greatly.

Tomorrow should be interesting....looking for 140 soon folks...I'm hanging on to my 800 shares...!!!

Best to all,

Hector