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

To: Gary Korn who wrote (3738)	9/1/1999 1:39:00 PM
From: Gary Korn	Respond to of 10027

This explains the weakness: TD Waterhouse Sells 1 Mln Knight/Trimark Shares in Past Week New York, Sept. 1 (Bloomberg) -- TD Waterhouse Group Inc., the fourth-largest Internet brokerage, sold 1 million shares in the past week of Knight/Trimark Group Inc., the biggest market maker of Nasdaq stocks. The sales, in two transactions Aug. 26 and yesterday, were reported by the Washington Service, which tracks insider stock trades recorded in Securities and Exchange Commission filings. Shares of Jersey City, New Jersey-based Knight rose to 33 in early trading from 32 3/4 yesterday. They closed at 40 on Aug. 26. TD Waterhouse fell 1/4 to 15 1/16 yesterday. Restrictions on open-market sales by major Knight/Trimark investors or officers and directors ended in mid-July, a year after its initial stock sale. New York-based TD Waterhouse was among two dozen brokerages that helped form Knight/Trimark in 1995 and took equity stakes in the company. TD Waterhouse first sold its own stock to the public June 23, selling 42 million shares at $24 apiece. The firm is 89 percent owned by Toronto-Dominion Bank. NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min. -------------- Waterhouse had owned 9.46MM shares. They now own 8.46MM. The next biggest holder is AMTD with 7.91MM shares. The next biggest holder is Steinman (Chair) with 7.96MM. The next biggest holder is KP with 7.8MM shares. Gary Korn