Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gary Korn who wrote (4062)	9/17/1999 1:27:00 AM
From: Gary Korn	Respond to of 10027

On the NITE website, knight-sec.com, the current First Call earnings estimate, as of 9/16/99, is now being reported as .35 cents. More new numbers: 3Q99 average estimate = .35 4Q99 average estimate = .40 FY1999 average estimate = 1.50 (for a P.E. of 19) 1Q00 average estimate = .44 2Q00 average estimate = .45 3Q00 average estimate = .47 (this is too high in relation to Q2, given seasonality, as we now know) 4Q00 average estimate = .50 FY2000 average estimate = 1.91 (for a P.E. of 15) Gary Korn

To: Gary Korn who wrote (4062)	9/17/1999 1:32:00 AM
From: HeatherN	Read Replies (2) \| Respond to of 10027

Gary, We have all had stocks that we have "believed in" at some time or another. I agree that it is extremely frustrating to see a solid company with strong management who are executing well tank so severely as NITE has. Art Hogan of Jeffries has consistently been a fan of NITE for the same reasons that you have so eloquently expressed over the last several weeks. It is with stocks such as these that I tend to use a little more TA than I normally would for a more "objective" opinion. I also try to remember that I cannot change the market's opinion no matter how compelling my argument. There must be a large enough catalyst to change the tide. It in some ways is similar to the situation of GBLX. It's recently announced deal w/Softbank etc. stopped the ebb of the tide caused by the Frontier/Qwest/USWest mess. When the selling on L2 slows and a suitable catalyst occurs, NITE should really roll again. Until then, I have abandoned all hope other than the remote possibility of a psychic message for calling a bottom on this sink hole of a stock. Heather

To: Gary Korn who wrote (4062)	9/17/1999 3:38:00 PM
From: Lee Martin	Read Replies (1) \| Respond to of 10027

Gary, I remember you from the ASND thread back in '97. I lost a bunch of $ in ASND when I had to sell before Jan 98 in order to offset gains in other stocks. My wife held on and has more than doubled her $ and still owns LU. So far NITE looks EXACTLY like ASND did then. Myself and others averaged down thinking the selling was overdone, fundamentals were intact etc. The selling ended and the stock turned around Jan 98. That's when I expect NITE to turn around. I'll never avg. down on another stock again. Once was enough. Like you I was drawn to NITE by all the hype and the story just made so much sense. When it broke support at 40 I bailed. In fact I've been 100% in cash for a while. This market reminds me too much of last year when the only thing still working was large cap. tech and all the $ coming out of the financials, drugs, retail etc. got focused on those few stocks. I had a bunch of DELL and it kept going higher right up until it fell off a cliff when the selling finally hit the large cap. techs. I had a margin call and lost nearly all my profits on DELL. Fortunately the day DELL fell 20 pts was the bottom. Oct 8 I think. I went 200% into AOL at 75 in NOV, it doubled and split and I finally sold it at $127 a few months ago thank God. I'm hoping this same scenario plays out this year. So I'm sitting here with cash waiting and watching my favorite stocks keep going higher. Regards, Lee