Knight/Trimark Group, Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Knight/Trimark Group, Inc.

KCG 20.00

0.0%

Aug 17 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JC Reddy who wrote (1476)	6/4/1999 10:09:00 AM
From: Mike Grove	Read Replies (1) of 10027

I think what we have seen is a result of the market self correcting for the anticipated interest rate hike of ~50 basis points. Internet stocks - corrected ~30% Nasdaq - ~20% S&P500 - ~10% NYSE - ~10% If the dollar remains strong and the FED leaves well enough alone then we should see a nice pop across the board in late summer. Looking back a number of years there has always been a summer pull back. The so called experts attribute some of it to the long European vacation. Business in Europe slows to a crawl while the continent enjoys the summer. That being said, as a day trader I would be sitting in a large percentage of cash. If you are an "investor", in for the long haul, the current market offers an unbelievable buying opportunity. I believe that this is a very small blip in the radar screen, unless you are a day trader. Then you have my empathy. NITE is rock solid with a nice future. IMHO worth about .01, mg ps To the Chicken Littles.... The sky isn't falling.. the high pressure just moved out temporarily.. scattered clouds possibility of precipitation, sun expected later.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next