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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: oilbabe who wrote (1928)7/1/1999 7:23:00 AM
From: Wes Stevens  Read Replies (2) | Respond to of 10027
 
Does anyone know how many shares are going to free up?



To: oilbabe who wrote (1928)7/1/1999 7:47:00 AM
From: Kip518  Respond to of 10027
 
NITE seemed to falter a few times, and was temporarily pulled down as soon as it reached 60 1/2.

oilbabe,

FWIW, NITE appears to have been struggling with the 50 day moving average. Whether this was from technical selling or insider selling I don't know. Yesterday's close was on the line and a close above 61 today, which seems likely, puts that issue behind us. However, should profit taking make for a lower close today then we've got a problem.

Kip

(I know many folks don't make much of the 50 DMA but Gary Smith of TSC had a nice piece on it on Monday. thestreet.com