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To: Herschel Rubin who wrote (5122)10/15/1999 4:36:00 PM
From: GS_Wall Street  Respond to of 10027
 
Below is the total volumes for the OTC/BB where NITE has very little competition. I believe this is where NITE makes its biggest profits. Since volume has been decreasing, with the biggest decrease coming in the Sept Qtr, this would indicate that NITE Management didn't know that earnings where going to miss until late in the Sept Month.

Currently Oct OTC volumes are ahead of the Sept pace, Volitility I'm guessing is also ahead.

Jul Total 6,473,295,118
Aug Total 5,893,163,737
Sep Total 4,549,354,544

Good Luck to everyone

Greg



To: Herschel Rubin who wrote (5122)10/15/1999 7:39:00 PM
From: gbh  Respond to of 10027
 
Amazing to see NITE reaching the $21 range today but not on excessive volume. Buyers in the market simply stepped aside today - with good reason.

Well, with a lot of cash on hand, I bought today. Bought more NITE before the open (under 22), and more at the close at 22. The boat is just about fully loaded now. Lets hope the ship sets sail soon.

BTW, the talking heads are comparing this Friday's selloff with '87. That Friday selloff was followed by Black Monday.

Gary