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

To: Sir Francis Drake who wrote (7192)	2/14/2000 10:17:00 PM
From: blankmind	Respond to of 10027

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. very astute point about having a higher p/e to ward off takeovers. you do not believe that dir valuation has been based on earnings do you? 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. i can assure you if i had purchased 1000 shares of nite at the top, i would rather see it decline from 200 to 31 instead of from 1200 to 200. i am not trying to draw you in, you posted and i am surprised at dir as being your example and citing a dcb at best as it continues to descend into the muck and under 10.