MKTW's successful IPO should be very good for NITE next week. NITE is in the internet financial sector also. NITE's earnings coming out next week.
Looking for an undiscovered Internet stock with a "NEAR MONOPOLY" in an online brokerage industry.
Market Maker (NITE). If you can't beat them, why not be one of them by buying them: NITE. NITE earnings coming out January 20, 1999.
NITE is the dealer's dealer, "A VIRTUAL MONOPOLY" as referred to by Joe Kernan of CNBC during the first week of January 1999. Ameritrade, E*Trade, Discover Brokerage, Waterhouse Securities all use NITE. NITE is in a 70% growth industry, with more and more online investors signing up everyday.
According to an Article by Peter Lynch in Worth Magazine:
"The growth of internet commerce and electronic brokers has helped Knight/Trimark increase its NASDAQ market share from zero to as much as 14 percent since incorporating in 1995. In fact, the company lost money ONLY THREE DAYS from December 1996 through September 1998."
worth.com
NITE is the industry LEADER. They are NUMBER 1:
knight-sec.com
NITE has been described as having a "NEAR MONOPOLY" on making markets in many internet issues, in addition to other NASDAQ listings. There is a lot of churn with daytrading etc., so transactions have increased in proportion to the new subscribers of online brokerage firms - EGRP, AMTD. etc...
NITE has an airtight balance sheet and almost no debt, this may be the perfect stock for investors looking to get in on the internet action at a reasonable multiple.
Check the recommendations from brokerages: 4 Strong Buys and 1 Moderate Buy.
quote.yahoo.com
--------------------------
This is what Joe Kernan of CNBC said about NITE during the first week of January 1999:
One of the winners, perhaps the ONLY SURE WINNERS, in this crazy, fly by night market full of 10 minute Daytraders is the brokerage houses, and this [NITE] has a "VIRTUAL MONOPOLY on Internet trading" said Joe Kernan THREE TIMES that day on CNBC.
Near monopoly is based on the fact that they are pretty much it as far as market makers for the NASDAQ go for the major online brokerages. Kernan was touting the stock as one that whether the market is up or down this stock benefits and really shouldn't be affected.
NITE was picked in Peter Lynch's article as one of best stocks for 1999.
Below is excerpt from Worth Magazine written by Peter Lynch:
"Knight/Trimark's leading shareholders include some of its major clients: Ameritrade, E*Trade, Discover Brokerage, and Waterhouse Securities together own roughly 27 percent of the company and use Knight/Trimark's effcient systems in conjunction with their own systems to execute trades. The growth of internet commerce and electronic brokers has helped Knight/ Trimark increase its Nasdaq market share from zero to as much as 14 percent since incorporating in 1995. in fact, the company lost money ONLY THREE DAYS from December 1996 through September 1998."
worth.com
|
