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To: Mary Baker who wrote (1390)5/28/1999 7:37:00 AM
From: AugustWest  Respond to of 10027
 
Gee, it would be interesting to know if he(Brian) is still short NITE, and at what price.

Granted it has had one hell of a run, and may fall back some more before making a run for a new high, but IMO, there are a hell of a lot more stocks out there representing an inflated market share than nite.

Mind you, nite is the leading MM doing an average of over 300,000 trades a day. They are expanding into overseas markets, going for the global market.

Let them slaughter everything if they want, send out the margin calls and slash the market another 10%; take nite down with the ship and I'll be there to scoop it up.

NITE will be one of the first to regain it's support(where ever it may be right now) and plow further ahead.

Of course Just my own bias opinion as I am long nite.



To: Mary Baker who wrote (1390)5/28/1999 9:28:00 AM
From: Joseph F. Hubel  Read Replies (1) | Respond to of 10027
 
Mary,

It all depends upon your time frame for your investments. Within the next 8-9 months this stock will treat you well. I would rather discount the article you read as NITE has already corrected by over 30% from it's high.

If you are truly concerned, I would wait to see if NITE penetrates and closes below it's 50 day MA within the next several days otherwise this seems as good a place to get in as any. The added insurance may or may not cost you a few points of upside movement.

JFH