Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Gabriel who wrote (55243)	8/10/1999 12:16:00 PM
From: misfiled	Read Replies (1) of 120523

NITE yesterday broked it 200 DMA at around 33 and just fractionaly bounce. NOT GOOD. However understand NITE low is $2.25 split adjusted from a year. The additional selling is due to some of the companies that own NITE are now selling since their lock up period is over. The BIG BOYS that shorted NITE i believe have mostly cover around mid 30, wanted to short it myself at 61 but no shares wre avail ALso NITE along with the OLB are getting beaten. They suffered from the double whammy of being a NET and BRokerage stocks. Best bet if u want to play this sector is EGRP, i get some at arond 18 site of it 200 MA

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