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To: blankmind who wrote (5326)10/28/1999 12:23:00 AM
From: Sir Francis Drake  Respond to of 10027
 
blankmind - the Raquet options positioning has been remarked upon for quite some time. I've seen this article quoted several times in the past, also on the Yahoo board.

It merely confirms what I think is now clear to most: NITE is going to be a drag for the longest time. No fast recovery for this thing (to old highs), and insiders were pointing the way all the time. Never liked 'em, still don't. I feel sorry for those that entrust their investment $ to this management. It's all about taking care of #1 here, and devil take the hindmost "here, take these shares I unload... oh everything is just great, we have no idea why the decline... putting out a statement to the effect that business is on track is, is, is, let's see - not classy! yeah, that's it, *not classy* - now how about those shares I want to unload...". Sad.

Morgan



To: blankmind who wrote (5326)10/28/1999 12:39:00 AM
From: Gary Korn  Read Replies (1) | Respond to of 10027
 
Here are daily NASD/OTC volumes for NITE (from AutEx), and averages for each week
(the first week picks up the prior Friday):

Day Volume % Average for Week

10/01 156,266,000 13.5
10/04 146,968,000 13.9
10/05 181,085,000 13.3
10/06 193,719,000 14.4
10/07 192,368,000 13.9
10/08 162,138,000 14.0 172,090,000

10/11 159,814,000 15.5
10/12 174,977,000 15.1
10/13 167,580,000 14.3
10/14 169,858,000 14.5
10/15 186,049,000 15.7 171,656,000

10/18 157,493,000 14.0
10/19 172,951,000 14.0
10/20 171,235,000 14.1
10/21 213,002,000 15.8
10/22 206,887,000 15.9 184,313,000

10/25 187,252,000 16.7
10/26 187,741,000 15.4
10/27 190,378,000 15.3 188,457,000 (3 days)

I may be mistaken, but I have a recollection that
NITE started processing through MER on about 10/21.
Interesting jump in volume commencing that day.

Gary Korn