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To: cool who wrote (225)7/20/1998 4:38:00 PM
From: simarx  Read Replies (2) | Respond to of 27722
 
NITE is typically used by the short sellers who want to remain anonymous. I strongly recommend this stock for day-trading. But, make sure you have level 2 and understand it. The volume slowed down considerably and then came some big block sells. Probably day-traders closing their positions.

There is no reason for anyone to lose on this stock unless you get greedy or emotionally involved. I walked away with a good profit on my short position, but I did hold it too long. Kind of a wake up slap. But, afterwards, the scalps long and short were fun. Kept this old fools heart beating.

Just upgraded my system last week to trade off of my level two screen, ABWATLEY's ultimate trader works really well. I find the performance comparable to the professional systems our in-house traders would use. Many of my trades were executed in under 10 seconds! If you want to day-trade, take a serious look at this system or a system like it.