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: Sir Francis Drake who wrote (2522)	7/19/1999 4:26:00 PM
From: Joseph Silent	Read Replies (2) of 10027

Morgan...... By this token it seems to me that any market maker with deep pockets (like FBCO) can take virtually any equity, especially one that is not widely known, and drive the price down slowly over time, as in the case of NITE. One can interpret this either as inherent weakness in the equity, or as acquired weakness, due to market maker action. My guess is we'll never know the truth, but only watch the tape and try to interpret the action. Right now, I see no reason for them to stop this activity -- after all, it seems to be working in their favor. If there is some catalyst (like earnings, or news) that triggers a directional change, they'll make money by selling higher; if not, they'll either cover, or postpone realization of profits until they decide to make it turn. Who really knows? I certainly don't. :) Joseph

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