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

To: Sir Francis Drake who wrote (5177)	10/17/1999 11:10:00 PM
From: gbh	Read Replies (1) \| Respond to of 10027

No, the question is very different: how long will it take for NITE to reach its former high of 81 5/8 - in other words, how long will it take to make whole the last investor who bought at the high? Is this really very important? Too whom? My bet is NITE will rise, but the rise will be slow, tortuously slow. Your bet? Does this mean you are somehow playing this "slow rise" theory? Sure there will be enthusiastic rah-rah new owners like gbh (Gary), Rah, rah??? My issues with the management of the company are well documented here. Do I think these are temporary, or one time issues? Yes, currently. Would my opinions change if NITE management doesn't perform to my expectation in 4Q? Absolutely, as I've posted here. Do I expect the stock to rise from these levels? Of course. I wouldn't be long the stock otherwise. Are my expectations for a quick rise? You read my posts and determine that for yourself. So my agenda is clear. What's your agenda? Are you still short the stock? Or are you simply God's gift to trading, that you "just know" that each rise will be followed by yet another shorting opportunity on which you, of course, never lose money? but I suspect they'll have to wait for many current holders to cash out as NITE crawls up past various break-even points. Gee, this is pretty insightful. Please give us some more SFD market theory...

To: Sir Francis Drake who wrote (5177)	10/17/1999 11:17:00 PM
From: Dalin	Respond to of 10027

Hello Morgan. But yes, the "worst" can scarcely be still ahead of NITE - ZERO is the most resilient support level known to a stock, and NITE is only 22 points away from it. LOL...I do know of a stock that has gone through 3 reverse splits because it kept dropping. <g> I doubt NITE will even come close, but it can happen.<gg> Regards, D.

To: Sir Francis Drake who wrote (5177)	10/17/1999 11:44:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 10027

LOL! After declining from 82 to 22 almost 75%, I sure hope the stock has "already seen the worst". Indeed it is not mathematically possible to duplicate such a decline again - only 25% of the value of the stock from the high remains! Ah, but it is mathematically possible. The company could reverse split 5 for 1, bringing the stock price back up to 110, and the process could continue. However long the process continues, I won't book a loss until I sell. I ain't selling because I like buying (1) growing companies that (2) make money. My bet is NITE will rise, but the rise will be slow, tortuously slow. Sure there will be enthusiastic rah-rah new owners like gbh (Gary), but I suspect they'll have to wait for many current holders to cash out as NITE crawls up past various break-even points. First off, gbh (Gary) is by no stretch of one's wildest imagination an "enthusiastic rah-rah" type. Rather, gbh is one of the most intellectually demanding, analytical, and critically circumspect persons that I know on SI. He has demonstrated these skills time after time with respect to his analyses of many stocks. Thankfully, in fact, he (and blankmind) have been here to temper my own enthusiasm. In my eyes, anyway, it takes away from the credibility of your own typically well-stated theses to discredit gbh. Second off, if I only knew that NITE would slowly rise, I could at least write calls against my position, and may in fact do that with some of it. My concern, however, is that certain "asynchronous events" (Herschel's term) do sometimes occur with this stock (like the MER deal) that can really move it. But yes, the "worst" can scarcely be still ahead of NITE - ZERO is the most resilient support level known to a stock, and NITE is only 22 points away from it If this is a scare tactic, I'm not afraid. A company that has no debt, $265MM in the bank, made $20MM in a bad quarter, runs one of the best, fastest and cheapest operations in its field, and has several new markets ahead of it, is obviously not going to zero. Best, Gary Korn