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

To: Gary Korn who wrote (3689)	8/29/1999 4:31:00 PM
From: B. K.	Read Replies (1) \| Respond to of 10027

In 08/30 Issue of Barrons, a fund manager shorting NITE and AMZN. He even suggested NITE could go to 20. As internet trading gets slow down, NITE needs new business such as options and overseas to increase its earnings. However these are new fields to NITE and are already over competitive. NITE makes money not just by volume but also by market volatility since it has advantage as a market maker. For example, you cannot short IPOs, but a market maker can do from day one as long as the activity is qualified as "Normal Market Making" by NASDAQ rules. If internet stocks are no longer as volatile as before, NITE will make less money. Even thought I am still long on NITE, I don't think it has high upside potential. 45 to 50 maybe the top of it in the near future.