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: Stephen who wrote (2431)	7/15/1999 4:14:00 PM
From: Sir Francis Drake	Read Replies (3) \| Respond to of 10027

WOW - what a photo-finish! Closed above 56 - outstanding! This was certainly very interesting. Yes, Stephen, I saw the big sell trade, and in fact I saw many large sell trades, but also a couple buys of 10K. The odd thing, is that the balance of selling/buying, is still overwhelmingly big block selling/small block buying. Also, if you look at the ISLD book, you'll see the sell orders line up in blocks of 1-2K thick, at almost every price level. Meanwhile, the buy orders are sparsely stretched with 1/4 to 1/2 point gaps, and mostly in the 100-200 share sizes. Another interesting thing, is that most sells were through ECNs, mostly INCA with BTRD kicking in. ISLD of course was on both sides, though the selling volume was greater on ISLD than the buying volume. FBCO after being passive most of the day, really stepped up to the plate and saved the 56 level by holding a steady bid (sometimes alone!) at 55 15/16. Of course the market was insanely hot - my JNPR rocketed up by 17 points, QLGC by 7, QCOM by almost 4. Too bad I wasn't in RMBS and RBAK. RMBS is headed higher, and I keep meaning to get in (since March!), but somehow I keep missing it. The OLB stocks were a mixed bunch with AMTD down, but SCH up, and EGRP up sharply compared to NITE. Well, at least NITE didn't go down in a blazing market. It went up by almost a point - better than a kick in the teeth. Morgan

To: Stephen who wrote (2431)	7/15/1999 11:17:00 PM
From: Raymond James Norris	Respond to of 10027

NITE has put in another bottom. This is extremely bullish as it shows the power and strength of Bulls to continue the uptrend. The bottom at $55 is at the 20 Day Moving average, the best short term predictor of prices. The last 3 bottoms are all at higher levels: $40 in mid June, $49 in late June, and $55 now. Let me tell you, the writing is on the wall. The last confirmation to this strong breakout is a higher high on this rally than the last (meaning NITE must surpass $64 on this rally). For those that like candlestick charting, you may notice the bullish hammer formed today. From a technical perspective, NITE has much potential. Conservatively Yours, Raymond J. Norris