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: Joseph Silent who wrote (3444)	8/11/1999 10:49:00 PM
From: Joseph Silent	Read Replies (1) \| Respond to of 10027

Morgan, LOL, :) I'm the one who reported to the board, after calling IR. But I only called two days ago. And I had no clue about the 10Q at that time. I still feel its not a big deal. A total of 5.5 Mil shares traded on Jul 22, and NITE would have bought 400,000 or so shares (depending on when) over a period of time. We don't know, perhaps they are considering another buy-back program even now, given that they have the money and can do it. Why would they announce it, if they can use it at an opportune moment? I just feel there are many things we don't know, both good and bad. That is the nature of the investing business, regardless of company, and it effects all but the day-traders. Joseph

To: Joseph Silent who wrote (3444)	8/11/1999 10:53:00 PM
From: Sir Francis Drake	Read Replies (1) \| Respond to of 10027

Joseph, I already addressed the issue of "effect". The point is not that they should have been buying at 50. Rather that the existence of the buyback program would have limited the downdraft - as I explained in another post. It was psychological. Plus, actually, a well timed buy can squeeze the shorts with very few shares used. And finally, the cancellation was like a red flag to a bull. Those in the know got to profit, while the little guy got margin calls. Why cancel? Perfect timing - not. And why not announce, so that the little guy too can protect himself? Morgan