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To: Gary Korn who wrote (3569)8/19/1999 3:12:00 AM
From: blankmind  Read Replies (2) | Respond to of 10027
 
gary, do me a favor and type slowly when you respond to me,
so i can keep up with your thinking:-)

I'm actually a bit worried by the numbers you posted.
OTC volume is running significantly below 2Q (at 18B for Q3
versus 25B in Q2). At the same time, NASD volume looks flat
quarter over quarter.


OTCBB:
Q199 - 14,847,000,000 Q198 - 6,880,000,000
Q299 - 25,514,000,000 Q298 - 8,763,000,000
Q399 - 9,300,000,000 (half-way) Q398 - 3,650,000,000
Q398 6,841,000,000 full

why are you comparing two different q's? clearly trading is
seasonal with the q3 traditionally being less than q2. in 98
q1 and q3 were equal, 99 q3 will be up significantly
from q1 of 99.

i drew a different conclusion from the numbers, based on the
fact volume has continued to excel, not slow down, and could
not fathom what the analyst was thinking. under current
market conditions, interest rates have had no impact on the
amount of trading, trading does not abate.

nite also guides analysts in its earnings as seasonal
demands dictates, as do retailers who rely so much on the
holiday season for sales.



To: Gary Korn who wrote (3569)8/19/1999 10:47:00 AM
From: yzfool  Read Replies (1) | Respond to of 10027
 
I agree with your last statement about analyst upgrade-time to get out, down grade-time to buy, with some exceptions of course: IPOs among others. This revision of earnings estimates, which is common and prevents pre-announcement warnings later, however, is not a downgrade. It is still listed as a buy. Also, see the following site; someone is accumulating: thomsoninvest.net type in NITE in the ticker.