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To: freeus who wrote (292)3/28/1999 4:41:00 PM
From: Sleeper  Respond to of 10027
 
Freeus, what a great post! Thanks a million! Very encouraging when you realize their '00 number are $2.09/share. This is a 'net stock and should command a higher multiple than your run-of-the-mill brokerage house. In fact, both '99 AND '00 earning estimates were raised. Can we safely say this is MOmentum? I think we can.

Sleeper



To: freeus who wrote (292)3/28/1999 4:42:00 PM
From: TWICK  Read Replies (1) | Respond to of 10027
 
Well, since my last post, NITE pretty much did exactly what I expected. It dipped down to the low 50's and has since then built a nice support between 55 and 58. Message 8359353 We had plenty of buying opportunities since March 17th. Technically, my 10M, and 30M charts still show me that NITE is in a consolidation phase with the bollinger bands forming a very tight channel in the 55 to 56 range, which is a very bullish indicator for me. I see strong support here. In addition, with the following brokers reporting this April per earningswhipers.com: AMTD (4/15/99), EGRP (4/14/99), NDB (4/6/99), SCH (4/15/99), and all the favorable NITE articles in NY Times, IBD, etc, I believe it's time for an explosive April earnings rally to the high 70's, possibly break though 80 before April 21-22.

Don't forget the Internet gorillas reporting this month per Briefing.com: YHOO (4/7/99), ATHM, SUNW, ELNK, INKT, XCIT (4/15/99), AOL (4/27/99), that can add to the fuel to keep NITE going until earnings day.

All just my opinions and thoughts. Not a recommendation.

P.S. freeus. Thank you very much for the post. Since I missed that edition of IBD, I've been waiting for someone to take the time to post the article. Very glad you did.

Twick