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

To: Joseph Silent who wrote (2640)	7/21/1999 11:32:00 AM
From: GRANOLA	Read Replies (1) \| Respond to of 10027

joseph, for what it's worth, i suggest you buy half your position today, a "sell on the news" day, and buy the other half tomorrow...although i think you will have a higher price tomorrow. there is, however, the chance that the greenspeak will temporarily drag the naz down...but imo it will rally once the scare-dee-cats don't hear any doom and gloom. good luck. i think nite is an excellent bet...cheers, GRANOLA

To: Joseph Silent who wrote (2640)	7/21/1999 11:46:00 AM
From: Sir Francis Drake	Respond to of 10027

Joseph, the reason why we needed to break 50, I've explained several times. We need to lose the sellers. The dip below 50 was good - it triggered a lot of stops. That was very constructive, and I've called for it for a long time. The level of 48 1/2 is something that I came up with by analyzing the support, volume, and trading indicators which showed that a true blowout of sellers would happen once we hit 48 1/2. Many people have gotten more sophisticated than setting stops on round numbers like 50. There is a group of sellers who anticipated the break below 50, but didn't want to set the stop there, as a quick intraday dip might take them out, and then there'd be a reversal, and they'd have sold at a bottom. So, the place that experienced a lot of trading in the past - 48 1/2, is what would get them out. If we cannot hit 48 1/2, it will mean slower climb up, as a climb will be met with a lot of selling. However, I'm very heartened by the dip below 50. That's very constructive. What would be ideal from my pov, would be a close below 49, somewhere around 48 5/8 - 48 7/8 - not necessarily today, but at some point. That would really shake people up, and bring out the bargain hunters, as well as assure many that most of the risk has been taken out of the stock, and one can buy it for the long term (especially with the likely negative second half of the year in view). Morgan