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

To: oilbabe who wrote (2220)	7/11/1999 6:10:00 PM
From: Mike Sesan	Read Replies (1) \| Respond to of 10027

Art Hogan calls NITE the Fedex of the internet. NITE picks up and delivers stock and makes money both ways. NITE is a cash cow that will continue to earn $ until a bear market hits. As far as options, alittle more tricky. Contrarian view buy on weakness, sell on strength. Buy calls when the stock is tanking and buy puts when the stock is rising. I have July 60's bought when the stock wasin the 40's. Can go either way. NITE will pull away from 60 either before expiration or after. The MM will probably close NITE at about 60 on expiration so all that are holding July 60 calls and puts come out flat. The MM will close out where most of the Open Interest is so nobody comes out big. Probably the best thing to do is sell naked puts if NITE go downs. You pocket a great premium and get the stock put to you at a fantastic price. For my long term shares I just hold, hold, and hold. Made my mistake with CSCO and HD by selling and not holding through all the ups and downs. I learned my lesson because of all the splits I could have had if I held CSCO and HD over the past 5 years. As long as trading grows NITE will grow. Mike