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

To: yzfool who wrote (3719)	8/31/1999 2:29:00 PM
From: Herschel Rubin	Respond to of 10027

The way it's looking now, today may be the bottom in NITE's short-term cycle. While the market was down substantially, NITE had already retraced its morning drop and was above its yesterday's close at $33. So, NITE's retracement of its run to $41 seems complete (Nice drop: $41 1/8 down to $31 9/16 since Thursday!) Plus, higher volume churning at these price levels is very healthy. At the rate things are going, we may close with 5.5 Million shares traded. Everything is in place for a beginning-of-the-month run, not to mention the possibility of a pre-Labor day and post-Labor day run. Market makers also had to unwind their net short positions as they must have been caught by surprise by the strength of Thursday's 20 million share rise to $41.