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

To: blankmind who wrote (7191)	2/14/2000 9:46:00 PM
From: Sir Francis Drake	Read Replies (1) \| Respond to of 10027

Are you trying to draw me back in? Is this a bad replay of Godfather III "every time I try to leave - they pull me back in" (imagine the Al Pacinos hands clawing and pulling, LOL!). OK, re: DIR. I'm hardly endorsing DIR - that was just an example of a financial/brokerage stock with a p/e that's not dragging the pavement - 150 or so. Some would have you believe that all fin/brokerage stocks are law-bound to have low p/e, so poor NITE is excused. My point was that even this high p/e brokerage stock jumped by 9% in a negative market Friday (and gave back 3.5% today, interesting contrast with NITE that gains 1.4 but gives up 3.5%). There are several of these high p/e OLBs. My non-stop rant last year, was an urging that KP take the opposite tack of what he actually did. I WANTED momentum players, I WANTED a high p/e, and I thought the momentum from April should have been stoked instead of killed. That way, if you DO decline like DIR, you are declining from, say, for NITE (I'm doing a rough conversion of what the p/e for DIR was at 45) $1200 to $200. Now, you'd be sitting on a $200 share instead of a $31 share. Now, isn't that better? And btw, wouldn't that Arbitrade acquisition have been oh, only some 5 times cheaper? Hmmmm. As I repeated many times - if you are to decline, better from a higher p/e than a lower one. Also, you are safer in case of a vulture takeover. Morgan