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 (3301)	8/9/1999 4:31:00 PM
From: Johnny_Blaze_420	Read Replies (2) of 10027

OLB's did not have a good day today. AMTD down, EGRP down. Both over 7%. NITE down double that. I for one have to disagree with Morgan about bad news. I think the news is already out there. A lot of people feel that ECN's will take away profit margins from NITE and therefore reduce earnings. This topic has already been discussed many times. I think there are a couple of forces working against us. Shorts are extremely confident that the stock will not explode on them and so they short constantly and without hesitation. They short every gap up and most sideways openings. Also, margin calls are being forced upon people. This stock was at 40 3 days ago. 20% x 2 for full margin equals 40% loss in 3 days and the stock still looks unsure. Third, I've noticed that NITE will trade in a given range for a while and then all of a sudden drop .50 to .75 in an instant. It looks like a lot of stop losses when out. Of course, there is always the possibility of more negativity being dished out towards OLB's and NITE, but I have to take the optimistic point of view and say that we should rebound from here to 35. Otherwise, we will be at 25 by the end of the week. I keep hitting myself for not being one of the shorts who play this stock everyday. I made 3 points shorting and got excited and went long today. those 3 points got scalped away very quickly. JB420 Currently long, frustrated, anxious for tomorrow. Where is my medicine???

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