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


To: Sir Francis Drake who wrote (7210)2/15/2000 6:15:00 PM
From: Joseph F. Hubel  Respond to of 10027
 
Anyone concur that this action is one of many similar that was likely to have driven NITE down. Once this type of selling ends there will be nothing to hold this stock back. There are very few stocks that would hold up under this onslaught of selling.

JFH

yahoo.cnet.com

E*Trade investments pull in quarterly windfall

By Bloomberg News Special to CNET News.com
February 15, 2000, 11:25 a.m. PT

E*Trade Group's unrealized gains on its
stakes in Internet companies more than doubled to $610
million in the Dec. 31 quarter, though it borrowed more
than $100 million from banks in the period.

E*Trade pocketed some of its gains in the quarter, selling $30
million worth of shares in Nasdaq market maker Knight/Trimark
Group for $29.9 million, according to a Securities and
Exchange Commission filing. E*Trade owns shares in a variety
of e-commerce firms that it helped start, such as 5-year-old
Knight/Trimark and email software maker Critical Path.*

*Follow link for full article