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To: Jan Crawley who wrote (4573)10/4/1999 12:39:00 PM
From: gbh  Read Replies (1) | Respond to of 10027
 
Of couse, if we have a bullish sentiment tomorrow(the rates issue), then Nite can go up $10 from here fast.

Jan, I'm not sure we get any big, quick moves to the upside from here. Earnings estimates have been slashed for the second time. Its positive that the stock, is not behaving too badly here, however, its still down, when the rest of the financials are rallying.

IMO, the short-term upside in this stock is limited. This could change, but I think longs are looking at 3-6 months minimum for any sustained 10 point moves from here.

Gary



To: Jan Crawley who wrote (4573)10/4/1999 12:51:00 PM
From: zurdo  Read Replies (1) | Respond to of 10027
 
<<if we have a bullish sentiment tomorrow>>
There will probably be a bullish sentiment tomorrow, and NITE could rally enough to maybe even make it back to 30. Over the long term, however, the NASDAQ market will not really turn around until next year...Initially I thought maybe it would turn around in a month or two. I still see 22 as a very realistic point at which NITE might bottom..


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