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To: debra vogt who wrote (150)2/1/1999 11:46:00 PM
From: freeus  Respond to of 10027
 
Yahoo finance shows NITE as having a float of 10 million shares with 49 million shares outstanding. So if the 9 will be more "float" it will double the shares.
OTHO IBD shows NITE as having an earnings per share rank of 99 and a relative strength of 99 with B-A-B ratings for Industry group strength, sales/profit ratio and accumulation/ distribution so thats pretty great.
Just bought 200 shares. This company fascinates me because its part of the famous/infamous "market makers".
Freeus



To: debra vogt who wrote (150)2/2/1999 12:22:00 AM
From: SMALL FRY  Read Replies (1) | Respond to of 10027
 
The stock price will be under pressure if you look at NITE as a "normal" company. However, as evidenced by the strength shown by second-tier on-line brokerages today... NITE may not even feel the impact of doubling its float. Of course it's not certain how much of those 9MM shares will be gobbled up by institutions.

So let's watch in the next few days. Buy on dips I say.

SF