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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: zurdo who wrote (4277)9/22/1999 10:56:00 PM
From: Glenn D. Rudolph  Read Replies (1) of 10027
 
<<How long?>>
From May of this year to the present time...Is that long enough for you?


No! The net revolution has been going on for three years now in the market. Longer if one looks at AOL from a stock point of view. I anticipate the leaders in this sector to go on to new highs. The spring and summer "correction" had been expected. It came as no surprise to most people. There were lots of reasons for this correction but I am not going to explain them to you.

This has no bearing on the stock price action of NITE. Near term NITE is likely not going to fly up meaning the next month or so. Too much uncertainty regarding interest rates and BKX is weak. NITE really falls into the BKX sector. The other uncertainties are the ECNs and fear keeps people away from a stock.

You stay short but I will give you the heads up when it is time to cover that short.

Glenn
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