Knight/Trimark Group, Inc. Message Board

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Non-Tech : Knight/Trimark Group, Inc.

KCG 20.00

0.0%

Aug 17 5:00 PM EST

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To: Gary Korn who wrote (4532)	10/3/1999 11:14:00 PM
From: Glenn D. Rudolph	Read Replies (1) of 10027

1. When ASND dropped from 80ish to 22 in 1999, it was driven by fundamentals: The ISP market (ASND's then-primary market) suddenly dried up (these smaller players, unlike RBOCs, could not afford more equipment). When reality hit, ASND's stock price plummeted. Gary, I believe you meant 1997 here. 2. When ASND ran from 22 on up to 80ish in 1998, it was driven by fundamentals: ATM was hot (and still is) and the market appreciated ASND's (Cascade's) ATM product. Not entirely. A lot of the run-up was due to takeover speculation. Fundamentals are not a factor in the current market in my opinion. Glenn

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