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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 (4062)	9/17/1999 3:38:00 PM
From: Lee Martin	Read Replies (1) of 10027

Gary, I remember you from the ASND thread back in '97. I lost a bunch of $ in ASND when I had to sell before Jan 98 in order to offset gains in other stocks. My wife held on and has more than doubled her $ and still owns LU. So far NITE looks EXACTLY like ASND did then. Myself and others averaged down thinking the selling was overdone, fundamentals were intact etc. The selling ended and the stock turned around Jan 98. That's when I expect NITE to turn around. I'll never avg. down on another stock again. Once was enough. Like you I was drawn to NITE by all the hype and the story just made so much sense. When it broke support at 40 I bailed. In fact I've been 100% in cash for a while. This market reminds me too much of last year when the only thing still working was large cap. tech and all the $ coming out of the financials, drugs, retail etc. got focused on those few stocks. I had a bunch of DELL and it kept going higher right up until it fell off a cliff when the selling finally hit the large cap. techs. I had a margin call and lost nearly all my profits on DELL. Fortunately the day DELL fell 20 pts was the bottom. Oct 8 I think. I went 200% into AOL at 75 in NOV, it doubled and split and I finally sold it at $127 a few months ago thank God. I'm hoping this same scenario plays out this year. So I'm sitting here with cash waiting and watching my favorite stocks keep going higher. Regards, Lee

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