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To: Ben Antanaitis who wrote (1196)5/20/1999 4:54:00 PM
From: Winston Kim  Read Replies (1) | Respond to of 10027
 
Will start to buy more and average down @ 60. Should hit it tomorrow. I am thinking 57- 59 tomorrow will be the lowest point, so the bastards can take the 62.5 and 60 calls away. I will buy more tomorrow, then definitely this stock should move up starting Monday. Way too many down days on NITE. 8 out of past 9 days have closed down. Due for a bounce after tomorrow, IMO.



To: Ben Antanaitis who wrote (1196)5/20/1999 9:48:00 PM
From: Joseph F. Hubel  Read Replies (1) | Respond to of 10027
 
Ben,

Thanks for the URL. It's good to see we all still have a sense of humor. We were not the only ones to get hammered at the day's end. Barring any bad news, I think things will look up next week, perhaps even Fri. There is a lot of uncertainty and no one wants to be the last buyer. Volume has been way off NITE's norm all week. Think a lot of buyers are taking a wait and see approach.

Sure hated to see Tony take a bath when so many of us have made thousands. I don't know of many other stocks that can bounce back as fast as this one. It was only a few weeks ago NITE rocketed 33 points in a one day. A lot of net related stocks have hopes, wishes and promises and little else, NITE brings home the bacon.

JFH



To: Ben Antanaitis who wrote (1196)5/21/1999 12:28:00 AM
From: marketbrief.com  Read Replies (2) | Respond to of 10027
 
Cramer briefly discusses the effect of large open interest in calls in this column, written today.

thestreet.com

Ben, do you have any stats on how many times this "lid" on prices actually holds? Love to see hard, rather than anecdotal, evidence that this phenomenon is real.