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

To: gbh who wrote (5202)	10/18/1999 9:06:00 AM
From: Sir Francis Drake	Respond to of 10027

<<And no one here would deny you your right to post your views, even though they may in fact be more appropriate to a day traders realtime chat room.>> Hmmm... and I thought that I posted on matters of more general concern than 'realtime trading'. <<Interesting. I'll let the other day traders here be the judge of this. I know, I know. Direct access, Level 2, instant execution (even on 10K shares <g>), always buy at the bid, sell at the ask, 1/16 losses, multipoint winners, etc. And never a bad entry. LOL.>> <<I mean if you could help us all, never lose money on a trade>> I never claimed I "never lost money on a trade" - in fact I gave an example of a loss just this past Friday. Nor have I even claimed never to lose money on a NITE trade. I lost on some trades in NITE going long. What I do claim, and what was an answer to your statement <<shorting opportunity on which you, of course, never lose money?>> is that indeed, I never lost money SHORTING NITE. I repeat - I never had a bad short trade in NITE. In general, I am extra careful shorting on all stocks, but NITE was a pretty special situation. I pick my shorts with care - in the case of NITE, I like to short the morning rise, and I like to short rallies. This doesn't mean that when I take a position, it can't still run up a 1/4 on me - but the blessed thing about NITE, is that I could always count on it coming back down. Those were the easy days - now that the bad news is actually out, and NITE is at a considerable low, that strategy is no longer as safe. <<I know this was intended to pull me back into dialog with you, after you were so soundly whipped in the first round <g>.>> I'm glad to see that your world is such a happy one. A world in which you "soundly whip" me in various "rounds". Now, if only it corresponded to reality. Good luck! Morgan Edit: re: the "rah-rah" remark - that was my impression - if it is wrong, then my apologies.