Not much to say about today's action. On a day like this, a Friday with weakish volume, and a lot of daytrading - it is not sensible to draw far-reaching TA conclusions. The market was slightly positive, NITE closed positive. It is *possible* that NITE is gaining in relative strength, block activity favored sells over block buys, but again, on a day like today, I wouldn't want to draw any firm conclusions. I, like many others, traded, lowering my cost of acquisition of NITE originally at 48 1/2, ever more.
For the intermediate term, there is nothing really positive to look forward to, as earnings are out, and unless the company announces good news, we'll drift around here, and if the market goes down, we may again drift lower.
Everyone have a great weekend!
Morgan |
