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

To: KM who wrote (2159)	7/9/1999 4:31:00 PM
From: Jerome Landesman	Respond to of 10027

The INVESTTools Advisory, July 6-9, 1999 A Free Digest of Trusted Investment Advice One beneficiary of the surge in online trading is Kight/Trimark (NITE), who processes the brunt of Internet trades. The market maker's recent financials reflect this. Revenues for the three months ended March 31, 1999 totaled $182 million vs. $63 million for the same quarter last year, and net income for the quarter rose to $37 million from last year's $8 million. In April 1999, the firm set a 2-1 stock split and CIBC Oppenheimer launched coverage with a "strong buy" recommendation. NITE has also beat analyst earnings estimate for the past three quarters. Stock in NITE has jumped nearly 10 points in the past week, and option investor Bernie Schaeffer bets that its run is far from over. He sees strength as the rally began after a successful test of the stock's 20-week moving average, a trend line that has always supported the shares. The rally also shot the stock beyond its 10-day and 20-day moving averages, which had been a ceiling for a month. Schaeffer also notes that stock in NITE rose past nearly all options-related resistance. "Pessimism abounds on NITE", says the contrarian Schaeffer, who sees this as a bullish sign. He sees more puts than calls on the stock and says that is "an unusuals occurance that indicates significant skepticism from the options crowd." One of Schaeffer's main investment tenets is that nearly all aoptions investors are wrong most of the time, and he tries to bet against the crowd. "Such extreme pessimism indicates that NITE's strength may continue," he says. Schaeffer recommends buying the October 60 call (TNWJL). Typos, if any, are a reflection of my typing skills and does not reflect that of INVESTTools report. Take the above comments along with all other research on NITE to make you investing decisions, but for my money I like NITE's future. I would appreciate any other thoughts and deductions from the comments above.