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To: 1-DAY-TRADER who wrote (918)	5/6/1999 11:59:00 AM
From: dabadabadoo	Read Replies (1) \| Respond to of 10027

DAY-1 and MONSOON: i guess all that ink and prognostications last night about a interest hike was all wasted in the light of Dr. G's commments this AM. that the difference between shorts and us longs: i don't have to make a labored case to rationalize an interest hike and its impact on the price. i just sit back and look out 6 months, buy on dips and go for an occasional profit. as i said in a much earlier post long v. shorts isn't a joust over who's right just a different strategy in terms of time frame and tactics to realize a profitable return.

To: 1-DAY-TRADER who wrote (918)	5/6/1999 12:19:00 PM
From: Sir Francis Drake	Read Replies (1) \| Respond to of 10027

1-DAY-TRADER... I've been trading NITE for quite awhile. Only a moron would maintain that you can make more money by shorting than going long. It is both easier and more profitable to be trade NITE long - just do the simple math. Even if you managed to short at every top, and covered at every bottom, you make less, than buying on dips for the way up, and selling at obvious psychological resistance levels (round numbers like 90, 100, 110, 120, 130, 140, 150, 160 etc.), buying back on the dip for the way up etc. The key to why trading long is MATHEMATICALLY more profitable, is because of gap-ups. Statistically, you've had more gap ups than downs, and many times, NITE did not retrace a low - so as a short, you cannot, even with 100% perfect trading make more than trading NITE long. And then there is the little matter of getting shares. Anyone who is trading any LARGER number of shares, is insane to short. The risk of getting your shares called is HUGE in an issue as volatile as NITE. You can trade 2000 shares of NITE long. Anyone who claims to short huge numbers of shares of NITE (unless they are a broker-dealer trading from shares they control), is a LIAR. So, even from the point of view of amount of money - I can make more from trading NITE long than short, simply because of the number of shares I can trade. And I'm not even going to go into the relative ease of trading long and short. The only net stock I short regularly, is AOL, because of liquidity. Shorting NITE is a loser strategy, compared to trading it long. And why should I go for a loser strategy? Do the math - this is a no brainer. Good luck! Morgan