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

To: JakeStraw who wrote (3963)	9/15/1999 11:53:00 AM
From: Madharry	Read Replies (1) \| Respond to of 10027

I guess those insiders might of had the right idea. whats the price now? Think he was guided down by management before this conference?

To: JakeStraw who wrote (3963)	9/15/1999 12:27:00 PM
From: blankmind	Read Replies (1) \| Respond to of 10027

thank you for the bbrs report on nite and why the lowering of the estimates on nite. hopefully this was the reason for yesterdays carnage. interesting hedge they put in the report, and they do not downgrade because of ecn's. also, the earnings downwards, would appear to allow nite to easily make the numbers. 'We are lowering our earnings-per-share estimates on Knight/Trimark due to continued flat-market volumes and a decrease in market volatility,' said Appleby. 'Our third-quarter 1999, fourth-quarter 1999 and fiscal 2000 earnings-per-share estimates have been reduced from $0.36 to $0.31, from $0.45 to $0.38 and from $1.95 to $1.80, respectively,' said Appleby. 'While we are revising our estimates downward, we remind investors that if volume and volatility levels pick-up again, Knight's revenues and earnings will rise commensurately,' said Appleby.