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


To: Gary Korn who wrote (3871)9/10/1999 5:36:00 PM
From: Herschel Rubin  Respond to of 10027
 
Pasternak is quoted in CBSMarketWatch today after the close as saying that volume is picking up.

cbsmarketwatch.com

----> Some players were impressed with the day's fatter volume, which they believe will give them a better handle on market direction.

"We're certainly seeing public investors coming back into the market a little more actively in the last two or three days," said Kenneth Pasternak, chief executive of giant Nasdaq market maker Knight/Trimark Group. "Customers were kind of gone for the summer."

"When respected market pundits like Abby Joseph Cohen say things are good, the public regains confidence and they trade more actively," said Pasternak, who added that the increase in institutional investor activity "hasn't been as dramatic as on the public side."

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I would interpret this to mean that ONLINE individual investors (through EGRP, AMTD, and other OLB's) are pumping up the volume in spite of numerous analysts' speculation to the contrary.

Bodes well for NITE!



To: Gary Korn who wrote (3871)9/10/1999 6:11:00 PM
From: Herschel Rubin  Read Replies (1) | Respond to of 10027
 
NITE will be at Merrill Lynch Banking Conference on the Technology Panel next week (Wednesday, September 15th).

Perhaps Pasternak will make bullish comments there.

Mark your calendars!