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Strategies & Market Trends : Fatty's Donut Shop

KKD 21.00

0.0%

Aug 4 5:00 PM EST

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To: Matt Brown who wrote (2180)	7/9/1999 3:46:00 PM
From: gladman	Read Replies (1) of 5041

!!Thread Alert!! NITE NITE is tanking bigtime, high of the day was 63 9/16 currently bid at 57 1/2, big selloff occurring b/c rumors spreading of a negative article in Barrons this weekend and the 'lock up' period for a significant amount of shares ends next week. Put NITE on your radar screen for the weekend and especially Monday for a possible entry if the rumor isn't true. I'll post back here with a Barrons update. NITE is a fundamentally sound company, they report earnings on 7-21-99 and a strong report is anticipated. This could provide a nice entry point for the 2 week period prior to earnings, in fact, I was looking to go long NITE at 60 with a target of 65-70. This is not a recommendation to buy today, but if the article rumor isn't true or if the article doesn't bash NITE, it won't stay in the 57 range for long. Further DD is required here. Dave

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