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Non-Tech : Knight/Trimark Group, Inc.
KCG 20.000.0%Aug 17 5:00 PM EST

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To: Joseph Silent who wrote (2643)7/21/1999 12:32:00 PM
From: Stephen  Read Replies (2) of 10027
 
Joseph ... perhaps another factor is that there have been rumblings about slowing growth and margins from the brokers. Perhaps the perception is that the rapid growth of the on-line trading group is topping out at this stage ... a bit like the internet story where the growth of new users has not gone anywhere recently, but the people who are online, stay longer and use the web for many more activities.

Given the August/September reputation & Y2K, there are many people looking to exit the market/high pe stocks ... and Fabre has mentioned a couple of times that hedge funds he talks to are looking to lock in the years profits now..........

Personally, I think the stock has as much chance of hitting 40 as 60 sometime in the coming months ... maybe a better chance .... despite the FA.

Stephen

Stephen
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