Ken Pasternak has often said "Volume and Volatility" are NITE's friend.
Of course everyone always focuses on trading VOLUME totals for the quarter when assessing NITE's earnings prospects.
But has anyone thought of the influence VOLATILITY on earnings? After all, when there's higher volatility, SPREADS WIDEN!! When spreads widen, market makers make fatter profits.
If you think about it, although we have not had blockbuster volume, volatility has been high this quarter. So the added volatility this quarter may, in fact, beef up margins for NITE for Q3, whether or not a September rally happens.
BTW, Gary, that post of yours by "a person" sure had the distinctive writing style of Sir Francis Drake who has abruptly disappeared from this board:
<<And more importantly, why isn't the strategy I articulated long ago, valid: short every rally in NITE. >>
<<To me, this is strictly a trading vehicle for now >>
The foregoing are exactly the words Morgan had been saying.
Where did he go? Why was he here posting religiously as if there was no tomorrow and then gone without any word. Nor has he posted on any other boards since, unless he's morphed himself into another alias. His disappearance seemed to coincide with the effective bottom of NITE (before the MER announcement) when his subtle trumping the case for shorting NITE no longer may have served any purpose. Was he a paid schill? |
