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To: Winston Kim who wrote (1335)5/26/1999 10:19:00 AM
From: JC Reddy  Respond to of 10027
 
What can I do? NITE trades 1.2 mil shares in the positive range, and goes down 2 pts on 100,000 volume. A sudden drop.

Who knows where the bottom is?

Looks like many day traders are sitting ready to pull the trigger... both on the sell and buy side...



To: Winston Kim who wrote (1335)5/26/1999 10:24:00 AM
From: marketbrief.com  Read Replies (3) | Respond to of 10027
 
Well sure NITE makes money and has wonderful earnings etc. but the point is what did folks pay for the stock?? It is plain to see that the vast majority are now underwater here, and in some cases DEEP underwater... only when they panic and sell, instead of yacking about "paper losses" or it'll be x price again in x amount of time, will the bottom form....


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