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: Sir Francis Drake who wrote (3284)	8/9/1999 2:39:00 PM
From: Herschel Rubin	Read Replies (1) \| Respond to of 10027

Ho hum... Just when I was getting used to 9% down days... ...Today we're down 10%. After re-reading the Reuter's Article (which HAD been posted on Friday as Joseph says), I doubt it could have brought NITE down this much. The article ends up on a somewhat positive note for market makers. Did anyone notice that Reuters slyly didn't mention Instinet at all? Nor did they invoke the proper disclosure that Reuters owns an ECN - as Dow Jones & Company always does when the WSJ covers news on a potential conflict of interest. Anyhow, today's action is perplexing, but we're not unaccustomed to this. The fact that volume is average for a down day like this doesn't imply a rush for the exits. Rather, this may be due to margin calls induced by FBCO shorting.