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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: 1-DAY-TRADER who wrote (870)5/6/1999 9:31:00 AM
From: Joseph F. Hubel  Read Replies (2) of 10027
 
Ok 1 Day, this debate has already lasted 1 day too many. You point is made and well taken. Regardless of how passionately you pound the table in favor of shorting this stock, there are many here for their own good reason chose not to take that path.

I have just 3 issues and I will shut up and drop the matter.

1. At Quotecom the last two trades were at 5:09PM and 5:25PM. They show these last two prices at $149 1/4 and $148 1/2 respectively. To me that does not indicate the after hours price collapse you claimed.
Did I miss something?

2. Nite has made new end of week highs for the last 5-6 weeks. I am talking Fri. to Fri. If as you say, NITE is only worth $70 (I think I'm quoting you right), you must be saying NITE was over valued three weeks ago. Allowing this 5-6 weeks of one new high after the other, which week would you have chosen to start shorting on? Based on your valuation it is reasonable to assume you you should have been shorting for the last two or three weeks.... and you would have been wrong.

3. On one of my previous posts to you I asked what fundamental reasons you could provide at this point, a mere 9 months into NITE's game, to justify liquidating a longer term position in the stock. Perhaps I missed your answer.

JFH
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