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

To: JC Reddy who wrote (1404)	5/28/1999 3:26:00 PM
From: Winston Kim	Read Replies (1) \| Respond to of 10027

NITE can go down 14 points in two days and it can't even move up 2 points in 2 days....how ridiculous.

To: JC Reddy who wrote (1404)	5/30/1999 10:23:00 AM
From: Joseph F. Hubel	Read Replies (2) \| Respond to of 10027

Whether NITE would be sold at this point is a tough question. For most, including Pasternak, it would take a large premium over current price to induce a tender. By that I mean there appears to be too much upside potential to give it away for a few points profit. Then again it's hard to say; CA bought PLAT for 29.25 a share when it was at about 9 or about 300% over market, but still far below it's all time high. Tha call issue is also tough. I know I often sell 3-4 month out at the money calls when a stock has just reached a new frenzied high. At that point I am anticipating a pull back and I then buy the calls back when the premium drops. Sort of a safe insurance that guarantees a profit no matter what. Given NITE has already had a sizable pullback, recent call volume would suggest a positive outlook. These charts indicate a bounce off the bottom of the Bollinger bands and low RSI. OBV seems to indicate the stock is under accumulation yet Money flow is still negative. askresearch.com JFH