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: Glenn D. Rudolph who wrote (4808)	10/11/1999 5:22:00 PM
From: Tony Wang	Read Replies (2) of 10027

At $25 NITE has discounted the bad quarter and some. Just look at Gillette, who preannouced weaker earnings, the stock opened at 33 7/8 went to 32 1/8, and is now 38. We knew all summer that online trading has slowed. That is why the stock went to 26 from 60 in the first place. Etrade went from 44 to 21 -same thing. Now, we get confirmation. If it only makes new lows by $1.00 or $25, it is actually very bullish. Shows that the stock has already discounted the bad news. Merrill Lynch who just upgraded the whole online trading sector 3 days ago, downgrades the stock. Sounds like that is one firm who is always behind the curve.

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