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: Stephen who wrote (2396)	7/15/1999 2:44:00 AM
From: Raymond James Norris	Read Replies (1) of 10027

Even if someone shorts, unless the stock always returns to a specific value, it is not a fact that they must lose. Okay, lets say Jason shorts NITE at 60 and I buy NITE at 60. It goes up $10. I sell, Jason covers. There's one situation that a short lost $10. Look at IBM. People are shorting it like mad while others are long. The shorts are losing money and the longs continue to prosper. Statistics and mathematical probabilities were once my cup of tea in College. Please bring up how you are applying them to this question. Conservatively Yours, Raymond J. Norris

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