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

To: Sir Francis Drake who wrote (5167)	10/17/1999 6:43:00 PM
From: Gary Korn	Read Replies (2) \| Respond to of 10027

What this shapes up as, is a very long road up. It took 6 months for NITE to break down. It has broken down as badly as a stock can. It will take much longer to travel back up. Much, much longer. JIMO. Watch what happens when/if they successfully add on an equity options revenue stream. All will be quickly forgotten. I've seen this before (ASND, XYLN) and I'll see it again. Gary Korn

To: Sir Francis Drake who wrote (5167)	10/17/1999 7:29:00 PM
From: gbh	Respond to of 10027

SFD, certainly the bleakest of views. I consider myself the new class of shareholder you refer to. And just for clarification, I have bought this stock from the low 30's on down to 21 3/4 on Friday. All these buys were on a value basis. I consider this a growth stock available at value prices. IMO, the story at this point is all about risk management and management credibility. They failed on both these points last quarter, IMO. If they deliver the $8/trade revenue they've promised the stock will quickly recover (3 to 6 months) to the 30-40 range. Beyond that, they will need to execute their longer term strategies. If NITE delivers, say .28 - .30, this quarter, where do you think the stock might be priced? If the $8/trade number is maintained, and market vols stay in the current range, this number pretty much falls out. Gary