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

To: Sir Francis Drake who wrote (2327)	7/14/1999 10:40:00 AM
From: Joseph Silent	Read Replies (3) \| Respond to of 10027

Morgan...... Thank you. What you say makes perfect sense. Your earlier message said FBCO and CIBC stepped out of the way under buying pressure. This would suggest to me the following situation: they don't have tons of shares to unload, and they are probably not shorting (because if they were, why not let it ride up to wherever and then short?). The only remaining possibility is, given their tendency to repeatedly hit the ask without letting it ride up is that they don't want the price to go up. Put that together with the fact that OI at strike 55 keeps climbing (I check each night) and you now have a motivation. Its very interesting. We'll never know for sure, but its important to look for relationships. Joseph