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

To: Joseph Silent who wrote (2647)	7/21/1999 1:00:00 PM
From: Jerry Olson	Read Replies (2) \| Respond to of 10027

I have NITE pos. here up 3/4... 83 blocks and neg MF...wierd...

To: Joseph Silent who wrote (2647)	7/21/1999 1:04:00 PM
From: Joseph Silent	Respond to of 10027

Okay Folks..... I hope I am not being too hasty. I very well may be (I dread making predictions! :) ). However, if institutions aren't accumulating now, I sure don't know who is. If I am right, we can expect to see positive press in the near future. Its not important that we go up in a straight line or have big jumps, but its important we have several positive closes to get rid of some of the perception surrounding the weird decline. If I were a betting man (which I'm not, unless I know the probabilities involved) I'd say we have bottomed and are ready to turn. But I have been wrong before. Joseph

To: Joseph Silent who wrote (2647)	7/21/1999 1:47:00 PM
From: Stephen	Respond to of 10027

Joseph ... 'NITE not a high P/E stock' .... well 'relative' to the blue chip techies perhaps ... but NITE does not qualify for that status. Also, just to clarify the point I was making, the P/E is not high for a company growing quickly (this year on last) ... but if the perception is that the growth won't be so good going forward ... its P/E wouldn't be justified. At this level I'm neutral on the stock ... apart from the negative price action which is a big warning for me given past experiences when I've seen this kind of thing with other stocks. The price has always fallen ... and so has NITE's ... and there's no real sign that the selling has stopped. In cases like this its not unusual for a stck to base ready for the next step down, rather than up .... but who knows ... Believe me, I want my shares back, but I have to be objective (even if I would never short NITE ... bit like PIXR ..) Stephen