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

To: Sir Francis Drake who wrote (2793)	7/26/1999 6:10:00 PM
From: Herschel Rubin	Respond to of 10027

cbs.marketwatch.com On the message boards: NITE is falling! By Shawn Langlois, CBS MarketWatch Last Update: 5:25 PM ET Jul 26, 1999 Knight/Trimark Group, the largest market-maker on the NASDAQ exchange, had shareholders doing a jig earlier this year as shares amassed an 800 percent return in just a few, short months. However, investors that got swept up in the hoopla and bought in at 81 5/8 aren't quite as enamored with the stock. Knight/Trimark (NITE: news, msgs) has since plummeted to 44 3/16. Monday's 9 percent drop, amid growth concerns, had some message boarders crying conspiracy ... among other things. Fisherman, on Raging Bull, expressed his view on NITE's inability to make a positive move, " ... there has been consistent institutional buying interest over the past few days, always, it seems, at a point or so below the asks ... sort of like a shark trailing right behind the small fish waiting for a nice big juicy snack to gobble up ... Institutions love this stock in this price range but also know that they, along with the market-makers, can shake out the weak players for an even better price." When CNBC mentioned CEO Ken Pasternak's outlook, Fisherman, quite a conspiracy theorist, set his paranoid sights on the media, "If that was the supposed bad news, then someone understands English differently than I do. The article was far from negative and, in fact, if read correctly, was actually positive. Did CNBC even read the article, or are they merely becoming the mouthpiece for others with different agendas to run on particular stocks?" Bmt07 saw a silver-lining on IIOnline when the company reported this potential for slowing growth, "One thing to consider about NITE's CEO Ken Pasternak's comments about future growth prospects -- he may be taking the MSFT/INTC approach where you always downplay future prospects. Both of these companies have been doing this for years and it helps to keep expectations realistic and allows them to have more upside surprises. Pasternak is a smart guy and he knows that growth can't stay at its current pace so he's wise to talk about sustainable numbers." Dorkmann, on Raging Bull, may be sweating the stock's low levels, but you'd never know it from his post -- "this is NOT a 'falling sword', which one should NEVER try to catch. In my opinion, this is a fine stock which is now being made available at 'bargain basement' prices. If people want to panic and sell, fine, I'm buying." Cnsurfer, on CBS MarketWatch, also stood in staunch defense of the company, "NITE is grossly undervalued at current prices. Earnings momentum, revenue growth, and market share of the NASDAQ electronic market maker, all point to a much higher price. Have faith in a great company." Conspiracy or not, message board posters are growing increasingly impatient with the stock's performance, but many believe that NITE will once again have its day in the sun.