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Re: JeffNC post# 12

Saturday, 01/17/2004 8:48:11 PM

Saturday, January 17, 2004 8:48:11 PM

Post# of 62920
Greed my guess is you played the recent gap, either @ the close on 12/3 or the 12/4 open...

Omnitrader has put out some really nice discussion on the subject of gap plays (you post on his breakout thread, yes?) & here's a good site for strategies (recently posted by another "breakout" participant:

http://stockcharts.com/education/TradingStrategies/gapStrategies1.html

a lot of people make the mistake of taking a position that goes against them & then don't use a mental stop & ride it down, only hoping "to get even." they then sell it @ the point the bought it (but when they sell it is in an upswing) & later are "kicking themselves" b/c the stock trades higher.

i know yer upset w/the earlier S-8s, but they were a necessity in the last Q. My DD indicates that an operating funds facility is in the offing & that M&A is progressing in a way that will be accretive.

CEO is holding 10M option shares & intends to have HYTT listed during his tenure. He has also stated this is the last turnaround he will perform before retirement. He has a serious track record of success.

i hope yer judicious when you hit the sell button @ $.075 b/c when it trades there again (& i fully believe it will & quite likely much sooner than you think), it'll be on it's way considerably higher.

did you see that Thomson's data? big block buying last week & no sell messages.

also, last Equitilink report had NITE doing 23% of all volume. In December it went up to 41% & in January it has been running @ 51%

NITE is accumulating inventory & i spincerely hope you are a beneficiary of their "distribution" phase, which IMO is going to happen in the next few months (weeks?) & @ much higher prices!!

GLTY!

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