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: zurdo who wrote (4465)	10/1/1999 2:42:00 PM
From: JakeStraw	Read Replies (1) \| Respond to of 10027

I see a low around $25 if the market doesn't really tank. Then again NITE c/pop back over $30 in a heartbeat. Wishy washy ain't I?! :^)

To: zurdo who wrote (4465)	10/1/1999 2:43:00 PM
From: gbh	Read Replies (2) \| Respond to of 10027

The Trouble With Shorting By James J. Cramer 10/1/99 1:56 PM ET So why don't stocks go down when they are supposed to? Let's go back to the Dell (DELL:Nasdaq) situation and augment it with the Knight/Trimark (NITE:Nasdaq) trading. Dell got downgraded; Knight had number cuts. On both, my instincts were to buy, for one reason only -- the stocks are too heavily shorted. As is so often the case in this overhedged fund world we are in, calls leak out, people press bets, and puts and shorts get done with reckless abandon. I know a lot of people are short Knight and Dell. There are two problems with shorting: one is that somebody has to sell on the bad news, and two is that you have to cover them on bad news. (Unless you are a long-term short-seller, of which there are very few.) Both of these calls, the Dell downgrade and the Knight number cut, did not produce the desired effect of panicked, Avon (AVP:NYSE)-like selling. They just didn't reach that threshold. That got the shorts scared. They tried to press them down with even more rumors about higher shortfalls or more downgrades, but the bulls weren't buying -- or, more accurately, selling. That left the shorts to have to come in and buy without any supply. The result: Dell is up nicely on a down day. Knight has rallied since the number cuts. In other words: Sqqquueeeeezzeeee.

To: zurdo who wrote (4465)	10/1/1999 2:50:00 PM
From: gbh	Read Replies (1) \| Respond to of 10027

NITE's "daytrading" strategy is self destructive... Please stop with this drivel. The company is a market maker. By definition this means they buy/sell stock is seconds/minutes/hours etc... Its obvious from their earnings that their "risk management" strategies work. If you have evidence to the contrary, please post it. Gary

To: zurdo who wrote (4465)	10/1/1999 3:00:00 PM
From: Susan Saline	Read Replies (1) \| Respond to of 10027

>>>.Today's dip to 27 is a precursor to further deterioration of NITE's price level...Just my opinion.. actually I am glad to see 27 come and go as it filled a gap from sept 20st. it is a fairly common indicator, that once a gap is made it usually gets filled. as seen from the morning tail, buyers jumped all over it at that price (the gapped area 27 to 27.50) now it can move up another technical indicator is the gap up this morning, showing the buying interest. now if the NAZ will co-operate, NITE will move back up also tried to daytrade this today, bot at 30 9/16 only to arrive back at my office to see it was stopped out. Looking for re-entry now sue