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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Bryan who wrote (65161)	1/20/2000 3:51:00 PM
From: kathyh	Read Replies (1) \| Respond to of 108040

nice trade bryan... i think (hope!!) we will see nite turn around quickly as this selling is way overdone... and according to thompson i watch it is all small sellers not big ones... From Thompsons I-Watch email: NITE -- Rgnl Invstmnt Brkrge -- Financial 20-Jan-00 11:43:21 After surging as high as $39 earlier this morning, Knight/Trimark Group has fallen into negative territory, trading down $1/8 to $37 3/16. The drop marks the 4th consecutive day of negative territory for NITE despite the fact that it reported a blow-out 4Q on Wednesday. Consistent with historical trends, today's trading is attributable almost exclusively to Fast Money investors. This group incorporates both professional and retail day traders looking to capitalize on large intra-day price swings. The bulk of NITE's trades (96%) have come as a result of small trades, not block transactions, which is consistent with the high level of liquidity that these types of traders like to keep. The pre-trade data shows that some big money traders are looking to get rid of stock - the size of the Supers are relatively small (25K to 50K) but the persistence of the brokers suggests they have a decent amount of stock in inventory. In the very near-term, this is likely to pressure shares of NITE - however, keep an eye on I-Watch for signs that trends are shifting among professional fast money traders.