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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Ron McKinnon who wrote (20987)	10/11/1999 1:48:00 PM
From: Steeliejim	Read Replies (1) of 53068

Whew! is right re. NITE. No great prescience on my part. I was playing off its volatility, and it just seemed to be wedging itself tighter and tighter into a band around 30. Besides there was too much uncertainty for me re. earnings. In my unscientific approach, I noticed that my easy winnings came in the first half of the year. It's been a lot tougher since. I figured that since NITE made most of its $$$ off trade profits, it might be having more trouble too. It looks like those who suggest that it's going to be a free for all out there in the online world are right. The business will continue to grow--but there is going to be cut-throat competition until the industry shakes out IMO. An analogy might be the disk drive business. It's growing like crazy, but it's turned into a minimal profit commodity. I would guess that NITE is going to be broken for the forseeable future--unless it aligns/merges w/ someone(s) Jim

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