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To: Chi-X who wrote (2465)	7/18/1999 12:05:00 PM
From: vestor	Respond to of 10027

As per the most recent issue of Smart Money, the NASDAQ volume is averaging a record billion shres a day this year. Up 55% since 1997.Volume is key to NITE's success. European market penetration is next. From a FA point of view I see net growth in earnngs and income for quite sometime to come.

To: Chi-X who wrote (2465)	7/18/1999 7:32:00 PM
From: Kenneth R Miller	Read Replies (2) \| Respond to of 10027

Hi Thread! check out this bullish chart and comments on NITE: stocktrendz.com

To: Chi-X who wrote (2465)	7/19/1999 2:06:00 AM
From: Herschel Rubin	Respond to of 10027

This weekend's Barron's Mag's article about OLB's slowing growth mentions that payment for order flow has decreased. That's a positive for us... Order flow is an EXPENSE for NITE. Most of the "negatives" for OLB's in the Barron's article were a plus for NITE: 1. The crowded field of OLB's may indicate that there are more players elbowing for space, but the net result is MORE TRADING VOLUME which is the main thing NITE needs to have a blowout quarter. 2. Order flow price reductions will help NITE's bottom line. For more on order flow, here's an excerpt from last quarter's 10-Q filing of May 14, 1999: " Payments for order flow increased 99.5% to $32.4 million for the three months ended March 31, 1999, from $16.3 million for the comparable period in 1998. As a percentage of net trading revenue, payments for order flow decreased to 18.2% for the three months ended March 31, 1999 from 25.8% for the comparable period in 1998. The increase in payments for order flow on a dollar basis was primarily due to a 115.3% increase in shares traded for the three months ended March 31, 1999 to 15.9 billion shares, up from 7.4 billion for the comparable period in 1998. " "The decrease in payments for order flow as a percentage of net trading revenue resulted from increased profitability on a per trade basis and growth in our institutional business. " edgar-online.com

To: Chi-X who wrote (2465)	7/19/1999 2:15:00 AM
From: Herschel Rubin	Read Replies (1) \| Respond to of 10027

E-Trade, JP Morgan, CitiGroup to report before open Monday. MSFT, IBM, ChaseManhattan, AOL, XON, Philip Morris after close. Should give the market some direction. WALL ST WEEK AHEAD/Week of reckoning for earnings By Eric Wahlgren Sunday July 18, 3:34 pm Eastern Time biz.yahoo.com NEW YORK, July 18 (Reuters) - With more heavyhitters stepping up to the plate this week to report earnings than in any other week in the quarter, investors will want to see a lot of home runs before socking more money into stocks. Because investors have gotten their hopes up so high after the preseason produced remarkably few profit warnings, Wall Streeters say results that merely match estimates will not score high enough to build on record-setting market gains. The Dow ended last week at an all-time high of 11,209.84. ''(Companies) will have to do a lot more than meet the estimates to catapult us higher,'' Charles Payne, head analyst at Wall Street Strategies, said. By the time Wall Street opens for business on Monday, a pair of financial giants, both in the Dow, will have reported results: J.P. Morgan & Co. Inc. (NYSE:JPM - news) and Citigroup (NYSE:C - news). They will be followed in rapid succession by bellwethers such as International Business Machines Corp. (NYSE:IBM - news) , Microsoft Corp. (Nasdaq:MSFT - news), Chase Manhattan Corp. (NYSE:CMB - news), Philip Morris Cos. Inc. (NYSE:MO - news), Exxon Corp (NYSE:XON - news) and America Online Inc. (NYSE:AOL - news), to tick off just a few. Any remnants of interest rate and inflation worries evaporated last week with news the Consumer Price Index, which measures retail prices in the United States, registered no increase in June, its second straight month unchanged. Federal Reserve Chairman Alan Greenspan will grab center stage mid-week with his semi-annual Humphrey Hawkins testimony to Congress on the state of the U.S. economy. But few are worried Greenspan will signal any intent to to further jack up rates after a recent, modest, 25 basis-point increase. ...