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: yzfool who wrote (3699)	8/30/1999 3:49:00 PM
From: oilbabe	Read Replies (2) \| Respond to of 10027

Preaching to the choir, here, yzfool! I sold my trading position last week as I previously stated (getting flamed BTW for selling at only a 10% profit!) but have now bought them back. This is not a stock for the faint of heart, but it is one of those gems that have great potential and yet REAL earnings, and REAL management and a REAL future, thus allowing me to sleep well at night even when I am down in my position. Hopefully the bonds will calm down and the market will recover sooner rather than later, but they WILL recover, and at that time so will NITE!

To: yzfool who wrote (3699)	8/30/1999 4:21:00 PM
From: Herschel Rubin	Read Replies (3) \| Respond to of 10027

Knight-Trimark isn't necessarily being singled out. The whole OLB sector is down today: quote.yahoo.com With EGRP, SCH, NDB, AMTD all down comparable percentages today, the market appears to be discounting the prospects of another 1/4 point rate increase and financial stocks are taking the brunt of it. So, I don't think we can attibute strange trading characteristics just to NITE... And Yzfool, historical statistics show that rallies often PRECEDE holiday weekends. In fact it is so statistically significant, you can trade S&P futures on it. But volume also accelerates AFTER the Labor Day weekend and is usually associated with a rally. Another statistically significant timing method is to regard the first few days of each month as a buying time because mutual funds usually receive (and invest) huge sums of 401K plan money from employers and individuals at the end of monthly pay periods. The first day of the month (September 1) is Wednesday. We'll see how these two statistical factors play out this year. With the recent 2-day decline in the averages, the market may be setting itself up for a beginning-of-month rally. With some good news from NITE, we may make another assault on the $40's.