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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (10948)	7/14/2000 6:07:28 AM
From: cpabobp	Respond to of 78462

RE: NITE I've followed NITE closely over the past 10 months and would advise considering the following: 1) There are a handful of major shareholders (EGRP, AMTD, TWE, etc) that tend to burn cash at a fast pace, and start liquidating their NITE positions when the price is right. 2) The stock has found support in the 27-28 range twice this year. 3) With light trading expected in the 2nd quarter, they may be in danger of either failing to meet expectations or failing to meet the whisper #. In either case, it would be the first in a long time that they wouldn't exceed estimates by a sizable margin. I also think that NITE has the potential to double, but that would be unsustainable due to heavy insider selling that more than likely would occur. Based on the above, I am a seller of NITE anywhere in the 30's. I have actively traded them several times and don't see a burning desire to start loosing money, so I'd much rather play it safe and wait to see 2nd quarter #'s.