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To: Pi who wrote (1741)6/17/1999 5:18:00 PM
From: Salt'n'Peppa  Read Replies (1) | Respond to of 10027
 
Pi, my guess would be end of day profit-taking (we have just experienced a huge run-up).

S&P



To: Pi who wrote (1741)6/17/1999 8:47:00 PM
From: Brasco One  Read Replies (1) | Respond to of 10027
 
<!>Any ideas as to why NITE dropped 1 point in the last 15 minutes<!>

I hope you all know that the MMs were caught heavy short in this stock. They shorted the stock heavy in the 40s and now they are trying to cover their @ss. The last 15 minutes, all the MMs teamed up and brought the price down. My guess is that they will close the stock around an option expiration price. Probably 50, maybe 52.50.
This happened last month as well.

Nite is solid. Earning will be July 21st. Expect a nice blow out. Estimates are about .35, and I think they'll come around .45.

Just a guess.



To: Pi who wrote (1741)6/18/1999 3:18:00 AM
From: zurdo  Read Replies (1) | Respond to of 10027
 
Pi,
It means nothing...NITE has been holding its increases well and will continue to rise...It could be daytraders getting out at the end of the day....Stay in NITE...It will do well....