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: John Chapman who wrote (5306)	10/27/1999 1:57:00 PM
From: Lane Weatherly	Read Replies (1) \| Respond to of 10027

interested in getting in here...has Q3 earnings been released yet? if not when will it? news said 10/20 but couldn't find report. what is the short position on nite? tks lane

To: John Chapman who wrote (5306)	10/27/1999 2:01:00 PM
From: Sir Francis Drake	Respond to of 10027

I for one am a big skeptic about the options business. It is not what it used to be. The profit margins have shrunk dramatically. There was a big article about that in, I believe, yesterday's NY Times. Sure, it will be accretive to NITE's business, but it will take some time to develop, and frankly it is not the cash cow that stock market making is. Much ado about very little, IMHO. Nope, shorts don't have a thing to worry about, as far as the options nonsense. The reason to cover the short is very simple - most of the money has already been made on the short side. There is no fear of a sudden explosion of upward movement for NITE - especially with individual tax season still present to the end of the year. But with little potential to the downside, why tie up capital betting on a short, when you could deploy it profitably somewhere else? Morgan