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

To: GS_Wall Street who wrote (2826)	7/27/1999 10:49:00 PM
From: Sir Francis Drake	Respond to of 10027

Greg, thank you for your "model". I think your rev & EPS projections are not out of bounds - NITE could find itself under some pressure going forward (due to ECNs etc.). At this point, we simply don't know what the exact impact will be. However, it does seem that the market may not be willing to have a "forgiving and assuming the best case scenario possible (and beyond)" mood when it comes to NITE (unlike for so many nets). If so, NITE would have to claw its way up, literally forcing the price up by delivering solid earnings and thus causing its p/e to scream "undervalued". That's quite pessimistic, but even so, we would move into the 60s by next year. It is my hope/expectation though, that we do so a bit faster. Morgan