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 (2548)	7/20/1999 11:09:00 AM
From: Sir Francis Drake	Read Replies (1) of 10027

Here's where the technical damage done to NITE comes in. I've been speaking of that for awhile. Now that NITE has moved up, all of a sudden sellers are coming out (they were absent just a little while ago). Now they are lined up at 51 15/16 on ISLD and at 3/4. This is the price NITE will pay for a long time for the terrible decline it has had - as soon as it rises it will be met with sellers who just want to get out after the painful experience of having bought high. This will go on until NITE blows through 64-65. It is going to be very, very tough. Institutional money must come to the rescue to really break through. Morgan

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