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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: Gary Korn who wrote (4062)9/17/1999 1:32:00 AM
From: HeatherN  Read Replies (2) of 10027
 
Gary,
We have all had stocks that we have "believed in" at some time or another. I agree that it is extremely frustrating to see a solid company with strong management who are executing well tank so severely as NITE has. Art Hogan of Jeffries has consistently been a fan of NITE for the same reasons that you have so eloquently expressed over the last several weeks.
It is with stocks such as these that I tend to use a little more TA than I normally would for a more "objective" opinion. I also try to remember that I cannot change the market's opinion no matter how compelling my argument. There must be a large enough catalyst to change the tide. It in some ways is similar to the situation of GBLX. It's recently announced deal w/Softbank etc. stopped the ebb of the tide caused by the Frontier/Qwest/USWest mess. When the selling on L2 slows and a suitable catalyst occurs, NITE should really roll again. Until then, I have abandoned all hope other than the remote possibility of a psychic message for calling a bottom on this sink hole of a stock.

Heather
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