SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Jerry Olson who wrote (2519)7/19/1999 3:54:00 PM
From: Sir Francis Drake  Respond to of 10027
 
Well, I don't know about 50 "right now". Of course that 50 is going to act like a magnet. We'll see.

Morgan



To: Jerry Olson who wrote (2519)7/19/1999 4:19:00 PM
From: Sir Francis Drake  Read Replies (1) | Respond to of 10027
 
LOL, NITE closes below 52! Mr. Raymond Norris and his home made charts was here telling us at over 60 how bullish everything was. That was a bad sign. When the clueless come to tell you it is time to buy, you know that is the time to sell. Contrary indicator. So, I called him immediately on his worthless site and analysis. He argued. NITE immediately collapsed and eventually landed at 55 - which Norris immediately proclaimed support (RUBBISH, as I said at the time). As recently as on the 15th with stuff like:

<<NITE has put in another bottom. This is extremely bullish as it shows the power and strength of Bulls to continue the uptrend. The bottom at $55 is at the 20 Day Moving average, the best short term predictor of prices.>>

And more bullish nonsense. Meanwhile, he ridiculed my intraday calls as "amateurish". I guess his "professional" prognostications are vastly inferior - to quote from his post from Thursday (just before NITE closed below 55 on Friday!):

<<From a technical perspective, NITE has much potential.>>

Maybe he meant "potential to go down"? LOL!

Of course he'll tell us that *eventually* it will go up. Meanwhile it is now down almost 10 points since he's come on this board with his home made charts and clueless chatter. I've been warning that NITE is acting very weak, somewhat longer than he's been trumpeting NITE's imminent breakout based on "an inverse head and shoulders". The guy is utterly incompetent.

Let this be a lesson - next time an bumbling bufoon comes on the thread to promote a worthless site, remember - you listen to him at your peril.

Morgan