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

To: John Sanderson who wrote (2725)	7/22/1999 11:49:00 PM
From: GS_Wall Street	Read Replies (2) \| Respond to of 10027

John if you are a professional trader you will have a relationship with a number of MM else if you are using an ECN you are a day trader! Big difference. When I said MM makers get better pricing I am refering to the money that matters. Big money. This is the money that moves stocks. Small time traders and day traders just get in the way. You are either along for the ride or taken lumps either way Institutions move stocks and they do it through MM not ECN's.

To: John Sanderson who wrote (2725)	7/23/1999 1:01:00 AM
From: Lee Martin	Respond to of 10027

Does anyone else think the chart looks like it wants to retest the ~42 area intraday and possibly put in a double bottom there? Wouldn't this be enough to get most of the longs to cough up their shares and the shorts who extrapolate a downturn to zero to load up? One more hard down day will wipe out all those margined shareholders and finally end the relentless selling that has gone on for the last couple of weeks. The NAS will be oversold and NITE extremely oversold and due for a rally. When NITE finally rallies all the buyers that know the excellent fundamentals but are waiting for the stock to bottom will come back and cause some pain for the shorts for a change. So the way I see it we need some more downside, more negativity, and more shorts posting. God bless 'em one and all for most of the $ I have got squeezed out of them when the stocks I've held finally turned around and went parabolic. Pasternak has said he will be doing some deals in the near future. Favorable deal, alliance, merger+ deeply oversold TA= short squeeze. Of course I could be wrong and if so I will go short and cover when it hits $2. 8^) Regards, Lee