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To: Going Short who wrote (1808)6/24/1999 3:49:00 PM
From: oilbabe  Respond to of 10027
 
Going Short: It sounds like you haven't done your DD on this stock if you have to ask about the volatility! Entry point is anyone's guess...I'd suggest you build a position over a few volatile days, soon before earnings get close. This can run or tank 10% in a few hours, much less days. This has the potential to be a huge stock, but you gotta have the stomach for it, but then if you follow Tokyo Joe, your stomach is already there! Good luck...



To: Going Short who wrote (1808)6/24/1999 6:50:00 PM
From: Patherzen  Read Replies (2) | Respond to of 10027
 
Tokyo Joe says it all! NITE is a high beta stock subject to wide fluctuations... a daytraders dream. One possible way to play a good entry would be to put in a low "limit buy" price of say $45. Until then you can track the market in general as well as NITE and still buy in at whatever price your instincts tell you is good (just remember to cancel your limit buy if you do). Past indicators hopefully will repeat and we should have a nice rise in NITE as we approach earnings on July 21. If you get lucky with the Fed on our backs June 30- maybe you can hit another low entry. The $41 lasted minutes as I recall. Best of trading and welcome aboard.. Patherzen