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Non-Tech : Knight/Trimark Group, Inc.
KCG 20.000.0%Aug 17 5:00 PM EST

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To: jacksoo who wrote ()8/19/1999 9:28:00 PM
From: David Torpey   of 10027
 
What's holding us down?
I think there are several things at work here that have conspired to keep us in this stall.

(1) Seasonality
(2) Continued insider selling of lock-up shares.
(3) The fear that the new ECN combinations will adversely impact market share.
(4) Conspiracy theorists hyping the idea that market makers and analysts/journalists are manipulating market sentiment in order to facilitate shorting activity.

I hope that this is just a coincidental confluence of market anomalies that will come to pass.

Hope I am right.

Still long after several margin calls.
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