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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: Winston Kim who wrote (556)4/25/1999 10:38:00 AM
From: Tod Skinner  Read Replies (1) of 10027
 
I think when there's panic selling as there was last Monday, NITE can go down hard and fast. The reason's are 1)if folks think it's the beginning of a bear market, volume would dry up hurting NITE's business and more importantly 2)since they hold positions in so many volatile stocks, they could get stuck with huge losing positions for a long time.

That said, I don't think the end is near for the market, until at least 2007, but lot's of other folks see a 100+ point drop in the NASDAQ and they turn into henny-penny "the sky is falling, the sky is falling".

So buy the dips but as my own experience proves the dip may go much lower than you anticipated with NITE.

Good luck to all !
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