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: Gary Korn who wrote (3760)	9/2/1999 11:11:00 AM
From: Douglas V. Fant	Read Replies (2) of 10027

Gary, Add a third- heavy institutional buying this morning. I bought a few shares this morning too. I've been studying the Merrill Lynch/Trimark relationship and I believe that we all may be undervaluing the significance of this relationship.... I've also followed a spectrum of tech shares closely for some time. I seek others input on this observation. But when a volatile tech stock corrects, it often corrects in the 50-55% range off of its high. Now assuming that the company has a valid business model, usually the stock stabilizes at that lower level and then begins to build a base. I mention this only because NITE appears to be trying to build a base at the $30+/share level- i.e, it appears to be following what I call the "average tech stock correction" model. This observation is completely unscientific- but the pattern holds pretty consistently across software/hardware/telcom stocks for e.g. such as AMAT, ORCL, BMCS, etc. this year. Let's see if it also applies to stocks with business models with Internet links....

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