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: Sir Francis Drake who wrote (5038)	10/14/1999 8:15:00 AM
From: gbh	Read Replies (2) \| Respond to of 10027

SFD, if you want to take this discussion in a direction other than irrelevant comparisons to unlike businesses, I would be happy to debate. I will try to address your points that do have some relevance. The most important aspect of the situation w/ NITE is the fact that it is NOT just another OLB This is a good point. They are not an OLB, but a significant piece of their business relies on OLB order flow. And if OLB order flow slows, so will NITE's revenue generating capabilities. So even though their business model is superior IMO, they do have reliance on these guys abilities to keep retail investors trading. KP/NITE management failed to sell the investment community on what NITE is. Its easy to get this perception. I even had it. But in listening to the Q&A from the CC (did you?), its clear that the analyst community understands NITE's business is not that of an OLB. They ask good questions, questions that have all been asked on this thread. ECN threat; new order flow possibilities; risk management; etc. The quick money has largely left the stock now. Its time to figure out if the future profit growth potential says there is value at the current price. This is what the analyst's (and us)are trying to figure out. NITE is a UNIQUE business, not just another OLB. LOL. Unique in what way? They aren't just another OLB, but they are just another MM. You might be able to argue that they have some advantages over other MMs with there close relationship with the OLBs, but there again is that OLB linkage. And yes they are trying to leverage this relationship to forge like ones with the "new breed" of OLBs, such as MER, AXP, etc. But these things haven't materialized yet. Can't promise what's not real. Unless you are Bezos that is :) He never painted a picture for investors. He never "sold the sizzle" - just the opposite Again, I think because the stock traded way above its true value at one point, because of a somewhat unique "bubble" in the longer term profit picture, you feel management should have "hyped" in some way to keep the price up somehow. Even AMZN at its lows was off over 60% from its highs. They simply need to "re-invent" themselves to again get the fast money all lathered up again. Easy to do when profits are a non-issue. Perhaps KP should decide to make markets in books, video, toys, etc. to get that share price back up :) Gary