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

To: LarryS who wrote (796)	5/5/1999 4:25:00 AM
From: michael r potter	Respond to of 10027

Please review [post #622] Update Re: NITE The fundamentals appear unchanged, but the threat from the dark cloud outlined in #622 draws closer. Keep in mind that in March, NITE touched its 50 day moving average and in April, it got to within 10% of it. Right now, the 50 day M/A is at $90, and the 200 day is well below that. If it again comes within even 10% of its 50 day, that would be $100. Not a prediction, but something to keep in mind. A time to be very careful because of forces in the market that will influence NITE, and again, if loaded with HighPE/no PE [internets] on margin, do not take the environment we have entered lightly. IMO, use rallies to make sure overall risk exposure is appropriate and if need be, adjust] PS. YHOO is already $159, down from $244, AMZN now $153, down from $220 two weeks ago. MSFT has broken support as has WCOM, and even AOL is right on the verge of breaking support. Merrill, DLJ, LEH started breaking badly several weeks ago, and usually the big brokers lead the market. Mike