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

To: blankmind who wrote (6992)	1/26/2000 11:14:00 AM
From: Sir Francis Drake	Respond to of 10027

One interesting thing, is that KP was selling stock "regardless of price" - but somehow, he didn't sell at LESS than the price is today (most of the time the price declined after he sold). That last sell at $45 in November looks mighty sweet from today's perspective, doesn't it? All the while he was planning a "collar" of 23-35. Not a collar of $45-65, but $23-$35... yet sold "regardless of price" at $45. Sweet. Some NITE shareholder bought those shares, and is sitting on a loss today, unless they managed to trade it somehow. He sold not to buy a house, or give to charity (some of Gates $), but to diversify - in other words, to turn around and buy OTHER stocks. Keep the money in the market, just not NITE. Can't blame him. Hey, after you liquify a few hundred million, the remaining "80%", can as well go to zero, what do you care - you got your $150 million or more, should last for some time, especially if you invest in other stocks, the kind that go UP. Oh well - insider sales don't mean a thing (right?). Morgan