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: Jerry Olson who wrote (2555)	7/20/1999 12:53:00 PM
From: Sir Francis Drake	Read Replies (2) of 10027

Yes, like I indicated in my first post today, an EOD pickup is possible. The question is, how much of this is related to short covering. If it is mostly short covering, I'd not be terribly bullish, because once the shorts are done covering, unless buyers come back into the stock, you are looking at dead money. The trouble is if NITE earnings release coincides with a very negative market. It will be hard for a stock as technically damaged as NITE is, to rally strongly in face of a negative market. Morgan

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