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: Rick Buskey who wrote (4562)	10/4/1999 11:42:00 AM
From: Gary Korn	Read Replies (2) of 10027

Gary are you still holding on too. Richard, Yes, I'm still long. I'm now writing puts at this level to take in premium and get in the stock, if it is assigned, at a lower net price. We've come down very far and the stock seems fairly stabilized at this price. Some other thoughts: 1. The seasonally slow 3Q is behind us. A 4Q uptick lies ahead. 2. I think that NITE, with its mid-point pricing guarantee, is basically trying to undercut the competition and ensure order flow. While this has an up-front cost, it should be beneficial in the long run as competitors drop out of the race and market share is secured. 3. I don't think we will see the rapid run-up in stock price that we saw this past year (unless online volumes skyrocket again). Even so, there are a number of irons in the fire that should help NITE grow revenues going forward (ISE, institutions, Euro online, etc.). Gary Korn

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