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

To: Gary Korn who wrote (5358)	10/29/1999 2:30:00 AM
From: blankmind	Read Replies (1) \| Respond to of 10027

gary, i posted the article because the comments on the board after the news was first reported commented how nite was dead money. clearly nite was not dead money, since it sunk further, there was still life in the money to suck out. i agree with you that the coo decided to protect his downside on 2 million shares, while also limiting his upside to 100%, while still leaving most of his stock at the mercy of the market. i agree it does not look as if the coo expects nite to go to 80 soon, but also, he did not do this collar when the stock was in the 50's or 60's, hence it shows mgmt was also caught off guard. and i would not be surprised if the coo was wrong again, as ise and easdaq comes on line. and clearly the coo has left this possibility open by leaving most of his position uncollared.