Silicon Investor (SI) -- The First Internet Community

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. -- Ignore unavailable to you. Want to Upgrade?

To: Dalin who wrote (2129)	7/9/1999 3:00:00 PM
From: Sir Francis Drake	Respond to of 10027

BTW, an amusing sidenote. Mr. Norris was spamming his site on the Yahoo board the same day he appeared here. In response, one poster on the Yahoo board (moniker "allnighter") who regularly trades and invests in NITE, immediately gave a strong sell signal. According to him, the last time Norris spammed his site on Yahoo, NITE tanked exactly 3 days later. I checked it out, and indeed he's right. So, "allnighter" predicted that exactly 3 days later i.e. today, NITE will tank. And he was absolutely right! As he says, it's the curse of Norris and his home-made charts. In a way that's understandable - the exact moment when certain people turn bullish, is the time to sell. Mr. Norris and his mistake-ridden site, seems to have the "golden" touch. I kind of feel sorry for chasing him off this board. He's such a good contrary indicator. Morgan

To: Dalin who wrote (2129)	7/9/1999 4:48:00 PM
From: Mike Sesan	Read Replies (1) \| Respond to of 10027

You said you never saw Knight Act like this. I have been in Knight for a long time. Average cost $24. If you recall NITE went all the way to about $130 before the MM scared everyone out by taking the stock to $67 so all the institutional $ could get in and took NITE to a high of $163 before it dropped a bit before it split 2 to 1. The MM took Nite from $130 to $67 in about 2 weeks if I recall. If you look at the Puts, there is extraordinary volume which Bernie Schaeffer points out as contrarian theory for the Calls to run as NITE explodes again. BTW Nite tested its 20 day MA and bounced firmly. Just My .02.