I am a huge fan of NITE. I first was introduced
to this stock when it was trading in the teens. I
first bought this stock at 33 pre-split, and I sold
shortly afterwards. Frankly I got scared when EGRP and
AMTD sold some of their shares. I missed the run-up
and I bought at the peak. I don't have any regrets
however. I am bearish on the internet as a whole, but I am
bullish on OLB's and NITE. I believe NITE and SWS are the
best two stock on the entire market. How can anyone
argue with a stock that capitalizes on the growth of
the internet, and bears none of the downside risk?
How can anyone argue with NITE's earnings. NITE
earned $.34 per share last quarter and they had ample
reserves to push EPS hire if they needed to. NITE is
amassing a huge reserve which they will save for a rainy
day. NITE will blow away estimates. I have no doubts.
All Aboard the NITE train. Next stop 100!
Let me tell you something. Everything you read in
those papers are OLD NEWS. If you keep this saying in
mind before you buy/sell stocks, you will make fewer
mistakes. "The market is very efficient...everything has
already been factored in."
Safeguard Scientifics (NYSE - SFE) is a public
venture capital firm that invests in Internet companies.
CEO Musser is on CNBC tomorrow to talk about upcoming
Internet spinoff IPO's. SFE is just like CMGI except that
SFE focuses on Business Internet, not consumer
Internet. Check them out
Last time he was on SFE went from $40 to $118. SFE
closed at $68 today. Prudential's price target is $125
there are not enough shares authorized for a
split. The only option would be like IBM announce a
split subject to approval by the shareholders and the
shareholders meeting. That is the only possiblity as of right
now and i would take it.
on this board - congratulations. Smooth sailing
from here. I am a happy new investor of NITE @ $51. I
would like to thank Business Week for their wonderful
article on "Stocks to stay away from". When Barrons and
Business Week start lambastin ya - you know you are at the
rock solid bottom. Thanks shorts - We need you guys so
I can participate in my first split w/ Nite. Have a