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

To: Douglas V. Fant who wrote (5178)	10/17/1999 8:47:00 PM
From: Sir Francis Drake	Respond to of 10027

Douglas - pessimism/optimism depends on your perspective. I am not pessimistic about NITE being close to the bottom - I've said so repeatedly. Sure it is close to the bottom. What I am 'pessimistic' about (of course, I'd claim I'm simply being 'realistic'<g>), is how soon NITE will recover to its former highs. As a trader, I'm very well aware of technical rallies from oversold conditions, and I often take advantage of them on the way up; but if I don't think a big jump is warranted, it also presents itself as an excellent shorting opportunity. Yes, NITE will rise, but the sustainable rise will be in small steps, not big leaps. Morgan