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 (7023)	1/26/2000 6:25:00 PM
From: blankmind	Read Replies (1) \| Respond to of 10027

morgan the board has requested i desist in posting to you since they value your posts and fear i might cause you some sort of aneurism. but i won't let your that stop me. i do not care if they did receive their shares for pennies, don't you think mgmt, which wants to sell, would like to sell at the highest possible price? did nite pump the stock up to 45+? if kp "told us" in 99 that the stock was worth between 22-35, why do you blame kp for those peop who blindly pushed nite to 45+?

To: Sir Francis Drake who wrote (7023)	1/26/2000 7:01:00 PM
From: Cube	Read Replies (1) \| Respond to of 10027

I own NITE at 38, and have been lurking this board for a while. To those who blame the CEO for not putting rosy spin on every little item, may I respectfully remind everyone of MSFT. For the last 15 years they have beaten estimates and shown steady and stunning growth. After each earnings report, Mr. Gates or one of his officers is quick to throw cold water on the earnings report. Always warning not to expect this kind of growth in the future and acting worried about every competitor. The short term of NITE is up in the air IMHO. But lets drop the idea that companies have to be positive all the time or the stock will die. Steadily beating the street estimates will eventually come home to roost, no matter what the CEO says in an interview. Cube

To: Sir Francis Drake who wrote (7023)	1/26/2000 7:36:00 PM
From: JB	Respond to of 10027

SFD, Respectfully, in the midst of doom & gloom (yep, I bought at 51!!) & the massive speculation of why an "expanding cash cow" is crashing ....I suggest KP is NOT acting as an "economically rational" man devoted to maximizing shareholder value....or has any intent of doing so!! Now that he has more money than he & his family can ever spend he is....MOTIVATED BY POWER!!! A 21st Century "Attila the Hun" determined (destined?) to revolutionize the global securities industry. My evidence? I asked a M&A CEO guru....personal net worth exceeded $50 million dollars (1970)..."what was his motivation in continuing to work so hard?." He responded immediately!!....POWER!!!!!! In the setting of a doctoral M&A seminar he gave an example of how he recently used "power"....& he convinced me!! He was the "Attila the Hun" of the 1960's....a disciple of Jimmy Ling. He later became a billionnaire....bought the Riveria in Vegas (yep, that's him!) ...reportedly for his beautiful young aspiring singer wife. (She was talented & gorgeous!!....& if you're over 45-55....know who PZ is.) Although the 1960's Attila left much blood on Wall Street ...& many enemies....I'm hanging with this 21st Century power seeking Attila....groping (ain't bought yet!!) for a bottom in the dungeon....to average down....but prepared to bail....if evidence of fraud emerges!! IMHO....this one will be a monster: a) winner, or b) loser! ....nothing in between!! My question to you, SFD, is if you assume KP's personal motivation is personal power....rather than money or shareholder value....does that modify your assessment? Thanks for Your Posts....& Good luck to All!!! JB

To: Sir Francis Drake who wrote (7023)	1/26/2000 9:36:00 PM
From: gbh	Read Replies (1) \| Respond to of 10027

morgan, I think you give KP way too much credit. You mean to tell me that somehow he knew in November (his selling window) that NITE stock was close to a top. In fact the top was closer to 55 than 45. But regardless, somehow he knew in Nov, prior to an amazing Dec, and and even better Jan, that the stock would revisit the 23-35 range in 1Q? Its simply not possible for KP to have envisioned a blowout quarter, a very upbeat CC, and an even better Jan, all leading to this share debacle. Although I don't agree at all with his selling of shares at lows, selling in an uptrend is the way to do it. When things are going well, and looking to get better (for shareholders), it doesn't look as bad to sell. However, in the current situation, I would love to see the company take a stand, and make an announcement to suspend all insider selling "given the current undervalued situation". I doubt they will do it, but it would certainly go a long way to re-instilling investor confidence. And the relationship of the current stock price to the Arbitrade collar. In fact, this collar protected Arbitrade from a share slip before the deal closing. But the deal closed with NITE above 35, so the Arb deal actually worked out most beneficial to NITE holders. I fail to see any linkage with this range, and where the share price is today. I fail to see it because there is no linkage. They are too completely separate events. You were wrong back in Nov when you berated the mechanics of the deal, and proposed an alternative that would have had NITE paying a straight up share amount for Arb. You were right back then to assert that we might revisit the level, but the fact that we are here, simply has nothing to do with that collar. gary