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Non-Tech : TD Waterhouse Group (TWE) -- Ignore unavailable to you. Want to Upgrade?

To: Beltropolis Boy who wrote (814)	9/1/1999 2:07:00 PM
From: gbh	Read Replies (1) \| Respond to of 1413

Chris, interesting that Waterhouse sold its Knight stake. I know that SWS also holds a sizable Knight stake at near zero cost basis (pre-IPO shares), and they have stated in 10-Q filings that they will use this gain to fund growth. So these shares will also be coming on to the market. I seem to recall it was about 1.5M shares. I will check. In any event, Waterhouse recently made a sizable investment in the ISLD ECN. This will serve to reduce their reliance on MM's in general. Just something to be aware of. Gary