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

To: S. M. SAIFEE who wrote (4137)	9/19/1999 4:30:00 AM
From: Ginko	Respond to of 10027

Back in at 27 and will hold long term..... a year from, 27 will be a distant memory. FWIW - from this weekends BullMarket Report. bull-market.com ....Speaking of Knight-Trimark. There has been a flurry of email this week regarding Knight-Trimark (NITE), and the deal between 8 ECN's to link up, making trading information and orders more widely available. First of all, this is not going to wipe out Knight-Trimark. In fact, such a set up is by far more of a complement than a competitor. Knight-Trimark actually has a significant stake in one of the ECN's question. This is, however, scarier news for those in old-line brokerage, as Knight-Trimark is becoming the market for several stocks, and the ECN's are just adding to the fray. Here it is simply: on Friday Knight-Trimark made the market for 166 million shares traded. That was 17% of the total shares traded on the Nasdaq Friday. They are huge. Their stock price has been hammered. We know this. But lets take a look at why. First of all, they are being punished in part for growing too FAST for a while there, now slowing down from HYPER-growth, to merely GREAT-growth. They are also transitioning into the world of the financials, where growth is cyclical, and earnings must be looked at year-to-year, rather than quarter-to-quarter. So what do we make of all of this? Two words: Buying Opportunity. This is when you really have to lengthen out your time-horizon mentally and remind yourself that this is an AWESOME company, with quality management (OK, maybe they could have managed their earnings a little better, but that is near impossible these days anyway). This is a awfully good company, and we think it is prime-time to jump in, not bail out.