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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: HeatherN who wrote (4064)9/17/1999 1:56:00 AM
From: Gary Korn  Read Replies (1) of 10027
 
Heather,

This is interesting:

In 3Q98, NITE earned 13 cents. If the company hits the new average estimate of .35 in 3Q99, that will be a 169% increase in earnings year-over-year.

Before the October correction in 1998, NITE was trading at about $10/share. A 169% increase would result in a share price of about $27/share.

This suggests somewhat of a reasonable downside limit, one that, whether or not by coincidence, is about the same as the bottom put in a couple of weeks back (for a double bottom).

Gary Korn
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