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: AugustWest who wrote (1319)	5/25/1999 8:09:00 PM
From: JC Reddy	Read Replies (1) of 10027

Most net stocks have corrected 30-50% (YHOO and AMZN almost 50%) and NITE is no exception (corrected from $81 to $52 which is about 37% correction). The only difference is NITE has a 1999 forward P/E of less than 40 while others have it in hundreds/thousands. I don't think there will be any more significant correction in the sector. I know analysts are calling it, but it ain't going to happen. It was at the edge of a break out upwards today, but something pulled it down. Most people would say NITE is an excellent buy at this level. I expect NITE to have a run that it hasn't seen so far. A real swift run. I am frustrated with the market, but I believe good days are ahead.

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