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To: Sir Francis Drake who wrote (2205)7/10/1999 8:43:00 PM
From: Sir Francis Drake  Read Replies (2) | Respond to of 10027
 
One curious note on Friday's trading...

Although the volume was larger than in several days, and it notably increased once NITE fell below 60, the "sell super messages" that day were fewer than in past days. There was one big one around 11 AM EST, and a smaller one around 2:00 PM EST. I don't know whether this means anything or not, but it *could* mean that most of the selling was retail - again, this is not a fast and hard conclusion, just a supposition. I personally saw on LII a few big block sells, but not more, and probably less than, in days past (though Thursday seemed better from that point of view).

thomsoninvest.net

Type in NITE in the "Enter Ticker" box.

I don't know how reliable this is, and it is important to note that 2/3 of the trading in NITE is institutional, so any decline in price probably had some institutional participation.

Morgan