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To: RockyBalboa who wrote (1507)6/7/1999 3:21:00 PM
From: gladman  Respond to of 10027
 
Yes, yes... the pullback was short lived. I believe thats a good sign when the highs get higher and more importantly the lows have been much lower followed by rise and support. Dave



To: RockyBalboa who wrote (1507)6/7/1999 3:38:00 PM
From: Tomas Mann  Read Replies (1) | Respond to of 10027
 
If history holds any key for the future, it is worth remembering that exactly 3 months ago (Monday, March 8) NITE started taking off (on a serious volume). In some sense, this is when the boring post-earnings month (February, back then) ended. We are hopefully entering the better part of the cycle again. Nothing has changed except the revival of the inflation scare. If we decouple again from the NASDAQ - in anticipation of good earnings - we have a good chance to retrace some of the success (with the split stock of course). It is unfortunate that NITE got some much hype in April - $100-120 (before split) level was the obvious May range, given the February performance. So, if we cut off the ridiculous spike to $150-$160 in late April and early May (mostly due to the surprising strength of the rally and the unfortunate hype feedback), history has proven to be a good teacher so far.