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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: LLCoolG who wrote (2022)	7/7/1999 10:23:00 AM
From: Sir Francis Drake	Read Replies (1) \| Respond to of 10027

Yeah, you are right LLCoolG - what's a few million... though I'd like to point out - the claim made at that site was for OUTSTANDING shares at 48 million - in reality they are 105.7 million - in other words, a mistake of well over 100% - but hey, who is counting... also, the claim made at the site was that the FLOAT in NITE is 22 million - in reality it is 57 million - again, well over 100%. Check this post, and I too have verified that these boners were present there, contrary to Mr. Norris' claims: Message 10406847 Perhaps you are concerned with "short squeezes". That's your smart perspective - I'm not that smart, and "short sqeezes" are not my concern here. I don't know, call me simple, but these numbers are extremely relevant to traders: it makes a tremendous difference if the float is 57 million, or 22 million - f.ex. it was reported that Etrade sold some 1.5 million NITE shares they held, and they still hold some. Now, 1.5 in a float of 22 million, as against 57 million makes a tremendous difference. Also, another concern is the shares coming out of lock up status - the difference between 48 million outstanding and 105.7 million makes a huge difference when one is looking at market reaction. Other "little" issues: one can calculate if there are enough shares for a split, or do more have to be authorized? That can have a huge impact on price, see... Further issues: institutional money investment is guided by the number of shares in the float and outstanding. Many MF will not invest in companies with a float of less than 50 million. Institutional investment has a tremendous impact on how the price of a stock behaves. And so on, and so on, and so on. But hey, I realize that such "pettty nitpicking", is of no concern to a master trader/investor such as yourself, so who am I to point out such minor tiny errors as well over 100% understatement of float and outstanding shares. <<This fact also really ruins the fundamentals. It has to cut down the earnings, revenues, and cash flow per share to a tremendous degree.>> Well, "earnings per share" - counted across well over a 100% greater number of shares makes a HUGE difference, but perhaps that seems unimportant to a master investor, after all, what difference is there if the earnings per share are f.ex. $1 or 40 cents? What a priceless passage. I don't know, I guess the bad is not that tremendous howlers are present at a site, but rather the fault lies with those that point out these errors. Thank you for making me understand the priorities. I apologize. Morgan