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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Steeliejim who wrote (20957)10/7/1999 10:17:00 PM
From: Susan Saline  Read Replies (1) of 53068
 
hi jim

thanks for the input on NITE

there are a few of us here that trade/hold it.

>>>>While the oscillatory amplitudes are tightening, it sure hasn't moved much off its low yet. Not so long ago it recovered back to 40 briefly then immediately fell all the way back to the low<<<

much of this I feel was due to market timing and the NAZ/tech fall in general ... most everything broke support at that time.

This new quarter money managers are looking to put some good 'leader' company's in their portfolios that have the potential to make good gains in the last quarter, NITE should fit right in there fine.
Do see 40 becoming the new resistance, as it hung out at that price for a while before falling the additional 13 points.

also think ... it will be a quick ride up to that 40, then hang there a bit ... maybe quite a bit? ... then ... 50 to 55 area, cause the trend will be excellent by that time.

The only thing I can think of that might hinder this ... is a really bad Q report, missed earnings (but they keep revising them down lately) or a general market meltdown, of which I think we have seen the last.

an odd item today ... new coverage with an 'underperform' rating ... yet it rally's anyway. Analysts are leaving room for upgrades with that ... if they are smart.

>>>Any thoughts on ZDZ and TSCM? Both well off their highs and have been basing. TSCM made a move today. How about PPRO and NSIL? I'm still in both cos. Primarily as a position for coming out of quiet period, but also for the fact that they seem like real cos with real products and sales. All for now. My PRSW is really stinky. Not the slightest sign of life. <<<

ZDZ TSCM NSIL I do not follow, so am reluctant to say on (not knowledgable)

have been following that diver PRSW (just the chart, do not know the company name)
and yes ... it still looks poor.... but it just may hold that 52 week low here. ... so there may be light at the end of the tunnel.

also it 'may' be a W chart, something the P&Fer's study ... a good chart reader the chartseer, could help if he would come back around ... but he has not been around SI in a couple months ... can u compare it to CNS chart?
he bot at 16 to hold .... hmmm I made just a buck off it
the charts are a tad similar the W formation ... just different times frames.

thanks again for a great post on NITE ... Sue
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