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

To: Sir Francis Drake who wrote (3441)	8/11/1999 10:19:00 PM
From: oilbabe	Read Replies (1) \| Respond to of 10027

I hope this link works...good article on the reasons for the selling from the raging bull...says it much better than I could. onlineinvestor.cjb.net

To: Sir Francis Drake who wrote (3441)	8/11/1999 11:15:00 PM
From: Miles	Read Replies (1) \| Respond to of 10027

well I'm moving on... i was thinking for the last month or so that it was the shorting from there forward statement that drove the price down. but after reading many of your post i won't be buying nite!!! as investors if you think you have been screwed..tell them knight-sec.com good luck to all miles

To: Sir Francis Drake who wrote (3441)	8/12/1999 6:40:00 AM
From: Ron McKinnon	Read Replies (3) \| Respond to of 10027

Morgan you comments are well reasoned, but I think you are over reaction to the cancellation of the share buyback program the buyback was: On October 8, 1998, our Board of Directors approved a program to repurchase, over a period of up to eighteen months, up to 3 million shares of our outstanding Class A common stock up to a total aggregate amount not to exceed $20 million ok, now reality on 10/8/98 the stock was at $5 (pre split) so for $20mm they easily could have bought the 3mm shares on 7/21/99, at $52 ($104 pre split) $20mm would buy a paultry 385,000 shares, virtually meaningless so my read is that the program was put in last Fall to support an insane under valuation, and the cancellation simply faced the reality that a $20mm buyback was of no value nothing sinister not bad management simply reality please continue to post on SI, your in depth comments are very worthwhile and I have added you to my short bookmark list