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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: blankmind who wrote (4806)10/11/1999 10:12:00 AM
From: Gary Korn  Read Replies (3) of 10027
 
blankmind,

I'm going to hold the shares, and continue writing puts. The first 3 quarters of this year now total 94 cents at the low end. Add in a 4Q number of 20 cents and you get 1999 results of 1.14. That results in a p.e. at the current price (27) of about 24.

KP is calling for revenue growth of about 30 percent going forward. If the p.e. were the same, 30, that would support a stock price of 34.

Therefore, my strategy here is as follows:

1. Continue writing puts to reduce my total net effective price.

2. Write calls against the stock at a price above my net effective.

Gary Korn
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