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Non-Tech : Knight/Trimark Group, Inc.
KCG 20.000.0%Aug 17 5:00 PM EST

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To: Sir Francis Drake who wrote (3321)8/9/1999 8:52:00 PM
From: Testy_Coles  Read Replies (2) of 10027
 
Morgan...I have been looking for the fly in the ointment also. I personally believe you were correct in calling the capitulation last Tuesday. Someone(s) is continuing to sell big even after the break. The only thing I can conclude is lock-up expiration sales. It seems to me that individual weak hands have been rinsed, leaving us with daytrading and institutional trading. Your phrase "running for the exits" is particularly appropriate. I just wonder if it's the institutions that are doing the running at this point.
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