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To: zurdo who wrote (4492)	10/1/1999 5:57:00 PM
From: gbh	Read Replies (1) \| Respond to of 10027

On a very short term basis, NITE could rally to the low 30s easily before continuing its long term decline to the low 20s....Just my opinion... And if the company meets or beats earnings expectation over the next couple quarters? And if the company successfully executes its strategy of expansion into Europe, becoming an options market maker, etc.? Or, will the stock price just keep going down because that's what it has been doing?

To: zurdo who wrote (4492)	10/1/1999 6:17:00 PM
From: Dalin	Read Replies (2) \| Respond to of 10027

Hello Zurdo! I see a low of around 22 before NITE begins to make a comebacks Is there a specific reason you picked 22? Why not 25 or 18? I'm not that good at picking the exact bottom, but I do know we are close. In a year or two from now the difference will seem miniscule. I have been trading this stock all summer to build a nice position at a decent price, and saved most of my cash to load up at the bottom.(along with other stocks) I think we are there. I'll still save some cash, in case we see a major correction, and of course there is margin for that also. So, while it might be painfull, I could actually benefit from it dropping to 22. I just don't think it will get there. If the earnings were as great as you seem to think they are, it would be going up...not down. This is not NITE specific. The whole financial sector is doing the same. Higher interest rates and summer slowdown, the main culprits, are behind us now.(well, Interest rate fears will be on Tues. ) All IMHO of course. BTY! D.

To: zurdo who wrote (4492)	10/4/1999 12:07:00 PM
From: Jan Crawley	Read Replies (2) \| Respond to of 10027

Both...the first (NITE turnaround from 22) is conditional... Thanks and I have a few more questions; if $22 is sorta used as a presumed price possibility: a. I understand it well that if you are a long, then "thinking" $22 maybe a conservative risk analysis. But b, if you are a short, then what's your risk/reward ratio by using $22? There are more than 10M Nite shorts currently, if 50% of them are thinking $22, then $22 will last only a min(if it comes)? Of couse, if we have a bullish sentiment tomorrow(the rates issue), then Nite can go up $10 from here fast.