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

To: gbh who wrote (4004)	9/15/1999 9:58:00 PM
From: Herschel Rubin	Read Replies (1) \| Respond to of 10027

I would love to see KP spin this postively before the open. gary gbh, I'll second that! We all should realize that one of the reasons NITE has been low-key in the PR department lately may still be due to lockup expiration-related selling. Consider this: Given that some of the principals have filed F-144's and intend to sell some of their holdings, NITE mgmt can't exactly go about hyping their stock while numerous insiders are hoping to sell at the same time -- At least, they cannot make certain forward-looking statements. The wise thing for NITE mgmt to do in order to avoid shareholder lawsuits is to take a low-profile PR approach during this time to avoid the appearance of 'pump & dump' impropriety. I would expect that insider sales related to lockup expiration should be slowing soon, at which time, NITE mgmt may turn up the PR in defense of their market cap. Already, it appears Pasternak has been participating more often in PR efforts here and there: 1 The Fortune Mag article interview, and 2 His quote in CBSMarketWatch last Friday after the close as saying that volume is picking up. This was the link, but CBSMarketWatch changes it daily: 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." ============================================================= So, KP is implying here that the increase in public investor trading has been "dramatic." That was last week (Sept 6-10). And this week we've been having several 1Billion plus NASDAQ days.