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John,
To find the story from NSOL's perspective, go to
www.networksolutions.com , click on "About us" on bottom left of screen,
click on "Corporate News", click on arch 25, 99 press release.
JimG
-----Original Message-----
From: John Manasco <jmanasco@xxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Sunday, March 28, 1999 8:24 AM
Subject: Re: Weekly Pick
>Hi Jim
>
>So what's this about a market shorter trying to jawbone NSOL down? I
>like to buy puts on stocks that are splitting on the day before they
>split. NSOL split Tuesday after the bell but I saw what happened on
>Monday. It rose to $307 (I think that was it), stabilized for awhile and
>slowly worked its way down to $295. Then late in the afternoon it
>dropped like a rock. Don't remember what the low was but I think it was
>in the $240 range. So I passed on buying the puts that day because of
>the extreme move which I missed. Oh Well. But I am curious about why the
>stock dropped so fiercely Monday if you're willing to share your insight
>and observations.
>
>John Manasco
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