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

To: Johnny_Blaze_420 who wrote (3304)	8/9/1999 4:53:00 PM
From: Joseph Silent	Read Replies (2) \| Respond to of 10027

Morgan, Well, I was disappointed when you were wrong about the 48-1/2 resistance and then, again, about the capitulation sell-off at 35. But I won't be disappointed if you are wrong again this time. :) I think TA has been hopeless with NITE for some time because the conditions surrounding this stock (what with lockup expiry and negativity) are not "normal". The strong positives for the stock now are the extreme negativity, unchanged fundamentals and lack of "real" bad news. When there is no "real" bad news, the public makes up its own, it seems. It feeds on itself, and so a small sell-off becomes a bigger one. If I was a guess, I'd say that margin is playing a big part in the sell-off. We'll just have to wait and see. :) Joseph