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To: Gary Korn who wrote (4946)10/12/1999 11:07:00 PM
From: gbh  Read Replies (2) | Respond to of 10027
 
Gary, the small caps you refer to, I believe, were largely the secondary interent issues. These were all bid up earlier in the year. Subsequently they have crashed, and volume has dried up significantly.

NITE will need find other areas of consistent revenue generation in order to realize the 30 PE we are all hoping for.

Gary



To: Gary Korn who wrote (4946)10/13/1999 12:09:00 AM
From: Bob Kim  Read Replies (2) | Respond to of 10027
 
NITE is a play on activity in small cap stocks

This was one of the points raised by CIBC and ML in their initial revisions earlier in the quarter. OTCBB has been particularly important.

It would appear to be difficult to gauge how NITE is doing based on volume data. You would almost have to know how good on average each NITE trader is for the specific stocks they are responsible for and then map that to the activity levels for those stocks. As the saying goes: past performance is no guarantee of future results. I doubt that very many analysts will undertake such a project.