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To: oilbabe who wrote (1942)7/1/1999 2:42:00 PM
From: Sir Francis Drake  Read Replies (1) | Respond to of 10027
 
oilbabe - I agree about selling trading shares, but I think holding longer term shares if you bought them low enough, is not a bad idea. I don't think it is going to revisit 41 any more, but who knows w/ the bond market going crazy. Unemployment rep. coming out tomorrow, so that could be funky - but I'm counting on NITE staging one more run sometime next week, and then I might consider selling my shares I've bought at average of $43.

Good luck!

Morgan

PS The fact that the market is rallying, and NITE is down, is just pathetic. It's the only stock in my port that is down today - even MSFT turned up!



To: oilbabe who wrote (1942)7/1/1999 2:47:00 PM
From: Salt'n'Peppa  Read Replies (1) | Respond to of 10027
 
I am new to the technical end of trading, but it seems to me that if your theory holds true, an awful lot of these new shares have already entered the market over the last 2 days.
Surely it must stop soon, in which case we have our constant upward pressure (internuts, earnings, other financials) beating out the flood of selling issues and will see another surge in the share price.
Is this not sound thinking?

Some people have said that the current price already reflects these new issues, because the situation has been known for some time.

Cheers,
S&P