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: freeus who wrote (675)	5/1/1999 12:16:00 AM
From: AugustWest	Read Replies (1) of 10027

Only reason I had the stop in was because I had to leave for the rest of the day. but as for the price, a number of reasons. First, it was already hovering around 149-150 when I had to leave this afternoon, and I didn't want to just close it out right then. I figured there might be a violent swing later in the day as it had a tough time holding onto 157-160. Then it got stuck in the 152-154 range, and couldn't hold onto thar either. I noticed at that time, the whole market was weakening as well. When the 147-150 price came around, it looked to be holding the upper part of it well but couldn't rule out a drop lower as there isn't much support beyond daily at these levels. I figured 140 was safe enough to secure a good amount of profits, and hoped it would find support before then around 142(or 145 where it closed yesterday). If it fell below 140, it could have nose dived into the mid 120s if it got real ugly.

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