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VeriSign, Inc. Message Board

  • belmont816 belmont816 Nov 14, 1999 9:54 AM Flag

    Looking fo the sellers to arrive

    The runnup has been to high to fast and its now
    time for some downside momentum.The insider selling
    will be the trigger of this event causing a pull back
    in the stock on valuation concerns to around 125 a
    share.To all you longs out there take some money off the
    table let the stock regroup so we can look fowward to
    the next split and I can get back on the other side
    of the fence.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • nd qcom after they announced splits and qcom is up about 150 points and aol is up 40

    • message (word for word), we heard back on the
      BVSN thread when it was at 130/140 (before 3/1 split).
      where is BVSN now? 88 1/2, which translates to 265 1/2
      in pre-split pricing.

      you gotta do better
      than this boring insider selling crap for us to take
      you seriously. talk to us about trendlines,
      stochastics, RSI, OBV; but get lost with this lame stuff. btw,
      VRSN is doing just fine in all TA analysis.

      the
      only things that i believe will save your 'shorting'
      butt is if this rotation to the internet
      infrastructure players reverses course (fairly unlikely) or if
      something greenspan says spooks the market (your best
      shot). so now, you are depending on uncle al to save
      your bacon. the insider selling line is hilarious. i
      could go on about how heavily embedded the insti's have
      gotten in VRSN; but i do not want to bore the thread
      anymore with it, as i have been preaching it since VRSN
      was churning between 95 & 120.

      imo, your will
      just be another in a long line of ephemeral shorts
      visiting the VRSN board until this monster pops you out of
      the toaster.

      will

      • 1 Reply to will_i_am_west
      • How ironic is it when insiders want to sell on
        the news of a stock split.The only reason is to
        motivate buyers to come in and buy anovervalued stock
        .This is all fine to me and will create more dwnside
        potential in the short term.As for the technical side RSI
        is telling me to unwind my position as the stock
        works closer to its 50 day moving average of around
        120.I could give you examples also of stocks that went
        up in similar fashion then retraced alot of there
        upside gains.AOL CMGI YHOO EBAY LCOS to name a few.I
        pride myself not only being there when the stock goes
        up three fold but when the stock corrects and goes
        to the downside.The problem is with you momentum
        investors is you think the upside for these stocks are
        unlimited, and I wish that was the case myself it would make
        life alot easier for all of us. P.S. every corection
        in a stock is just another buying oppurtunity if you
        are in the stock for long term .

    • No stock goes up in a straight line, but I would like to bet that VRSN will be well above its 10/12 close of 168 two weeks from now.

 
VRSN
56.46-0.71(-1.24%)Aug 27 4:00 PMEDT

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