Knight/Trimark Group, Inc. Message Board

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Non-Tech : Knight/Trimark Group, Inc.

KCG 20.00

0.0%

Aug 17 5:00 PM EST

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To: Dalin who wrote (2129)	7/9/1999 4:48:00 PM
From: Mike Sesan	Read Replies (1) of 10027

You said you never saw Knight Act like this. I have been in Knight for a long time. Average cost $24. If you recall NITE went all the way to about $130 before the MM scared everyone out by taking the stock to $67 so all the institutional $ could get in and took NITE to a high of $163 before it dropped a bit before it split 2 to 1. The MM took Nite from $130 to $67 in about 2 weeks if I recall. If you look at the Puts, there is extraordinary volume which Bernie Schaeffer points out as contrarian theory for the Calls to run as NITE explodes again. BTW Nite tested its 20 day MA and bounced firmly. Just My .02.

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