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


To: Jerry Olson who wrote (2350)7/14/1999 2:02:00 PM
From: Sir Francis Drake  Read Replies (1) | Respond to of 10027
 
Options Jerry - NITE really needs to close positive for the day. Of course a high volume reversal would be nice, but I doubt we'll get it today. If NITE closed near the day's high, that would be bullish. But at the very least it ought to close positive, even if on low volume. It is really not acceptable not to close positive on a positive market day, with good news for NITE. There has to be a reaction, or this does not bode well for any kind of run pre-earnings. As it is, time is growing short. Your targets are pretty aggressive - though not unrealistic... however, the question is always *timeframe*. When will NITE hit 90? If it doesn't do it in connection with the upcoming earnings, you are looking at a probably negative market in the fall, and the time-frame for hitting the 90s looks more distant.

Good luck!

Morgan



To: Jerry Olson who wrote (2350)7/14/1999 2:09:00 PM
From: Riskmgmt  Read Replies (1) | Respond to of 10027
 
Jerry:
I am new to P & F so correct me if I am wrong but I am showing the bottom to be 55 (o's) as it never broke or printed 54. Would it not need 58 the to reverse? Or did I miss something?

BTW I am long too.

Ray



To: Jerry Olson who wrote (2350)7/14/1999 5:18:00 PM
From: nokomis  Read Replies (1) | Respond to of 10027
 
Hi OJ - you know, the more I look at NITE's behaviour, the more I think the big MMs might be playing it as a takeover target. I know, opening new office, new management, etc. doesn't make sense...but neither does the trading - especially in light of revenues/market share/growth in on-line trading - and the rest of it.

Somebody, I think, knows something we don't know!! (JMO)..and yes, I'll continue to hang tough.

cheers,
NOK