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To: Herschel Rubin who wrote (2803)	7/27/1999 9:16:00 AM
From: Sir Francis Drake	Respond to of 10027

Consider it dropped. Thank you for your compliments, and I in turn, compliment you on your indomitable spirit of optimism about NITE. In the longer term, it is an optimism I share, otherwise I would not be a NITE shareholder at 48 1/2. I am convinced that NITE's future is bright. We may differ on where we see NITE in the intermediate term. As an investor, I have kept my NITE at 48 1/2 - that certainly is a vote of confidence (even in the 'gloomy' post you cite - my advice to investors was not to sell, but rather be patient and not look at it). As a trader, I use my separate batch of NITE to lower my mean cost. Oversold as NITE is, certainly a short-term technical bounce must occur at some point. The real question is - is this a sustained move (with the usual hiccups) to 64 and beyond short term (long term, NITE will do just fine) - I don't think so, and I believe the road up will be long and hard. When to short, and when to long, I will decide, as a daytrader, according to the data that presents itself at the moment. Good luck! Morgan

To: Herschel Rubin who wrote (2803)	7/27/1999 9:18:00 AM
From: John Sanderson	Read Replies (1) \| Respond to of 10027

E-Trade will drop NITE for Archipelago (ECN) Lets look at the facts: Goldman and E-Trade bought a 50% stake They did this mainly to: save money (ECN's cheaper} better customer service, faster executions. Here are the exact words from the press release "Ultimately, Archipelago is another way to improve the quality of service," said Christos Costakos, ETrade chief executive officer and chairman-elect. "Archipelago's trading system will provide ETrade with yet another opportunity to serve our customers who derive value from the speed, efficiency and anonymity associated with ECN-based trading. cnnfn.com Fact: E-trade and Ameritrade account for 41% of NITE's business. I know this is old news, but it is finally starting to sink in.

To: Herschel Rubin who wrote (2803)	7/27/1999 9:52:00 AM
From: Lou Weed	Read Replies (1) \| Respond to of 10027

<<Good luck on your possible short tomorrow. My vote would be for NITE to stage a rise without reprieve for short covering, but you just may get your way.>> Herschel, Either you're a politician, a used car salesman or a weatherman......this is some awesome CYA. Since I've been reading SI (approx 3 years now) Morgan has been by far the most accurate forecaster of short term movement that I've seen. His posts are very insightful and above all accurate (so far).....sometimes he gets a little emotional but then again, don't we all?? I'm long on NITE and I'm not a daytrader but I find it interesting to read on the intraday activity of the stock....you've got to admit it Herschel, he does know his stuff. Anyway that's just my take on the situation, so keep on posting fellows! MON