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

To: Anthony@Pacific who wrote (84)	1/21/1999 11:46:00 PM
From: Swami	Read Replies (1) \| Respond to of 10027

Looked like mostly small positions being sold last couple of days--100, 200, 500 shares. Guess that means the big boys have been waiting for it to go down further before selling?

To: Anthony@Pacific who wrote (84)	1/21/1999 11:49:00 PM
From: SteveHC	Read Replies (2) \| Respond to of 10027

I beg to differ, now that I know exactly which shares you're talking about. If the NITE IPO brokerages that got those shares sold them, the proceeds would not be adding to their own corporate shares' pricing; essentially, the proceeds would only be good for the firms' general operations - if they were even needed! I doubt that those firms really need the money now. And they certainly would NOT sell ALL of them now; to do so would be self-defeating (unless they had a vested interest in seeing NITE shares immediately devalued - possible in some cases, but certainly not all - Knight is only a market maker, not a brokerage firm too, if you get my drift). Lastly, I'd like to point out that ALL "restricted" shares issued by ANY company do become "unrestricted" or "common" at some point & therefor available for trading; that does NOT mean that they WILL start trading, and certainly not all at once!