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

To: Tom Hua who wrote (719)	5/3/1999 11:37:00 PM
From: DayTraderKidd	Read Replies (1) \| Respond to of 10027

I remember over a month ago that you shorted wcap at $30 and you started jacking your jaws on that thread too. wcap is well off of its highs and still has not come back down to $30 on a closing basis.

To: Tom Hua who wrote (719)	5/4/1999 8:30:00 AM
From: Joseph F. Hubel	Respond to of 10027

Tom, Well it did leave, switched over to track $155 before backing up to pick up more passengers. Just didn't have enough steam to get underway again. As I've often said, after a fast run up a stock needs to back and fill and create a new support level. I find it positive that stocks such as EGRP went down and Nite managed to gain a fraction. For the last two trading sessions the stock has flirted with 160, ended the day near the mid 150s, indicating it was finding buyer resistance at the high 150-160 level. One must keep in mind NITE was up $7.12 on 4/28, $11.41 on 4/29, $7.78 on 4/30. As I see it, if it makes another run to the upper levels and again fails, it is likely we will see a pullback. If it trades sideways, then it is only a matter of time before it heads for a new high. The only guiding factor in this stock should be the realization that it is making big money with high margins. As long as market trading volume stays strong, the stock will continue to draw buyer interest and any pullback should be considered healthy. equities.barchart.com JFH