Consider it dropped.
Thank you for your compliments, and I in turn, compliment you on your indomitable spirit of optimism about NITE.
In the longer term, it is an optimism I share, otherwise I would not be a NITE shareholder at 48 1/2. I am convinced that NITE's future is bright. We may differ on where we see NITE in the intermediate term. As an investor, I have kept my NITE at 48 1/2 - that certainly is a vote of confidence (even in the 'gloomy' post you cite - my advice to investors was not to sell, but rather be patient and not look at it). As a trader, I use my separate batch of NITE to lower my mean cost. Oversold as NITE is, certainly a short-term technical bounce must occur at some point. The real question is - is this a sustained move (with the usual hiccups) to 64 and beyond short term (long term, NITE will do just fine) - I don't think so, and I believe the road up will be long and hard. When to short, and when to long, I will decide, as a daytrader, according to the data that presents itself at the moment.
Good luck!
Morgan |
