Knight-Trimark Short Interest INCREASED 21.1% in August!
As of the August 13 reporting period, NITE short interest was a whopping 7,111,413 shares, up from 5,873,238 in the July reporting period.
NASDAQ short interest figures for August just released today.
Company .......8/13/1999 7/15/1999 %Chg AvgDlyVolume
KNIGHT/TRIMARK 7,111,413 5,873,238 21.1 5,071,055
(Source WSJ Interactive. Viwes will probably update August data by tomorrow)
Anyhow, This is perfect fodder for a short squeeze:
(MERRILL Partnership) + (High Short Interest) = SHORT SQUEEZE
P.S. Gary Korn. You sure called it right on about further analyst earnings reductions! BTW, didn't I mention something about possibilities with Merrill in my post last Friday??? (No, I'm not an insider, just made an educated guess).
techstocks.com
<<It is also likely that NITE may have something up their sleeve that will be "rolled out" in tandem with their forthcoming ad campaign. One possibility is they may be working on agreements with other ECN's (as alluded to in the Q2 conf call) that would be convenient to announce at the time of their ad campaign (which will most likely explain how NITE works WITH, not AGAINST, ECN's). There are other possibilities also: (Merrill Lynch or CMB partnership), etc. >> |
