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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (63372)	11/22/2000 4:07:49 PM
From: rusha99	Respond to of 122087

Thanks Anthony, Happy Thanksgiving to you and your family.

To: Anthony@Pacific who wrote (63372)	11/22/2000 4:08:44 PM
From: heronwater	Respond to of 122087

Am I too late to wish you HAPPY BIRTHDAY? Belated wishes if so. Happy Anniversary to you & Mary! Happy Thanksgiving to the whole family. Fondest Regards, Izzy P.S. Sorry if I forgot the dates.

To: Anthony@Pacific who wrote (63372)	11/22/2000 5:03:22 PM
From: StockDung	Respond to of 122087

Barrack Rodos Files Suit Against Knight Trading Group, Inc.NITE)and itsOfficers and Directors Alleging Misrepresentations and Insider Trading PHILADELPHIA, Nov. 22 /PRNewswire/ -- Counsel for Class Plaintiff, Barrack, Rodos & Bacine, today issued the following: A class action has been commenced in the United States District Court for the District of New Jersey on behalf of all persons who purchased the securities of Knight Trading Group (Nasdaq: NITE) ("Knight" or the "Company") between July 19, 2000, and October 4, 2000, inclusive (the "Class Period"). The complaint charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, by issuing a series of material misrepresentations to the market between July 19 and October 4, 2000. For example, as alleged in the complaint, on July 19, 2000, defendants represented in an analysts' conference call that they were comfortable with estimates of 20%-30% growth in earnings per share during the third quarter of 2000, over the comparable 1999 period. The complaint alleges that the statement was made without a reasonable basis, given operational problems known to defendants and the Company's increasing international expansion costs. On November 4, 2000, Knight issued a press release announcing third quarter results that were well below its prior assurances. In reaction to this announcement, the price of Knight's shares dropped by 14% in one day. Before disclosing the above information, certain Knight insiders sold $50,000,000 worth of their personally held Knight common stock. The plaintiff seeks to recover damages on behalf of all purchasers of Knight securities during the Class Period. He is represented by the law firm of Barrack, Rodos & Bacine, which has extensive experience in prosecuting investor class actions involving financial fraud. Barrack, Rodos & Bacine has prosecuted securities, antitrust and consumer class actions for over 20 years. The firm has offices in Philadelphia, San Diego, New York, Boston and New Jersey and has been designated lead counsel by federal and state courts across the country in large, complex securities class actions, including those against Cendant Corp. (the largest securities class action in United States history), McKesson HBOC, Inc., Informix Corporation, Sunbeam Corporation and hundreds of others. For more information about Barrack, Rodos & Bacine, please visit their website at www.barrack.com. If you are a member of the Class described above, you may, no later than January 16, 2001, move the Court to serve as lead plaintiff of the Class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this case or your rights or interests, please contact Maxine S. Goldman, Shareholder Relations Manager, at Barrack, Rodos & Bacine, 3300 Two Commerce Square, 2001 Market Street, Philadelphia, PA 19103, at 800-417-7305 or 215-963-0600, fax number 888-417-7306 or 215-963-0838 or by e-mail at msgoldman@barrack.com. SOURCE Barrack, Rodos & Bacine CO: Barrack, Rodos & Bacine; Knight Trading Group ST: New Jersey, Pennsylvania IN: FIN SU: LAW 11/22/2000 15:20 EST prnewswire.com

To: Anthony@Pacific who wrote (63372)	11/22/2000 5:05:38 PM
From: StockDung	Respond to of 122087

NASD fines Merrill $97,000 for trading practices NEW YORK, Nov 22 (Reuters) - Merrill Lynch & Co Inc. <MER.N>, the No. 1 U.S. brokerage, was fined $97,000 for failing to get customers the best price on their stock orders and other violations, authorities said on Wednesday. Between 1997 and 1999, Merrill failed to provide "best execution" for 70 customer orders, the National Association of Securities Dealers (NASD) said. The NASD said Merrill also violated "limit order display" rules and trade reporting guidelines. Best execution means brokerages must get their customers the best price, given market conditions at the time. A limit order is a buy or sell order on a stock at a specific price or better, and brokerages have to execute that order within those parameters. Under Securities and Exchange Commission (SEC) rules, brokerages have to display all limit orders if they are better than the quoted price at the time. Merrill failed to display 41 customer limit orders, the NASD said. Merrill has neither denied nor admitted the NASD findings by settling the matter, the regulatory body noted, and the firm has called them "unintentional errors." The NASD, which said it has brought about 60 cases for limit order display violations, also charged Merrill with failing to report trades to an NASD system in a timely matter. "These were unintentional errors that involved a very small fraction of the transactions that were executed," Merrill said in a statement. "We have taken steps to address them and continually work to comply with NASD regulations." Merrill submitted a response to the NASD, listing the steps it had taken to be more in compliance with NASD rules. The company said it had developed a "best execution analysis and monitoring system," and it had created a new "best execution desk." Merrill also said it had hired more staff and increased the technology resources it uses for Nasdaq compliance. 14:13 11-22-00

To: Anthony@Pacific who wrote (63372)	11/22/2000 8:31:14 PM
From: Brasco One	Read Replies (2) \| Respond to of 122087

NEW YORK (Dow Jones)--The sharp decline in long hyped e-commerce stocks in recent months was bound to spark a wave of recriminations. The sniping is getting personal at Silicon Investor, a stock-talk Web site primarily targeted at technology-stock investors, where a group of posters has made a target of Jamie Kiggen, an analyst at Credit Suisse First Boston, previously Donaldson Lufkin & Jennrette before the two houses merged. The "Analysts Exposed - Jamie Kiggen (DLJ)" thread, started Monday night, has made it to the No. 2 spot on Silicon Investors' hot subjects list. The thread's creator, who goes by the screen name "Donny Brasco," took issue with lofty, old Kiggen price targets for stocks like Yahoo! Inc. (YHOO) and Priceline.com Inc. (PCLN), which are now in the gutter. He sarcastically urged readers to "call to congratulate (Kiggen) on his successful targets." His words apparently struck a chord. "(Analysts) are simply put self-serving con men charlatans who live off of manipulating small investors using their CNBC type celebrity status," wrote a poster identifying himself as "Bernard Ng." In fact in message boards across the major stock sites, individual investors have been voicing their anger with analysts like Mary Meeker at Morgan Stanley and Henry Blodget at Merrill Lynch, whose stars rose along with stock prices of the Internet companies they once plugged and now disdain. On Raging Bull's Yahoo! Inc. message board, "Rudeboyelvis" wrote this of Blodget, who recently made negative comments about the company: "This is the same jack--- who was bullish on Yahoo at 115 2 months ago.... The dot coms didn't just all of a sudden die in the past 6 weeks, what happened?" On Silicon Investor and The Motley fool there are multiple message boards dedicated to discussing analysts and their analysis, but none has received the traffic of Silicon Investors' Kiggen board. Singling out Kiggen is unfair, argued Michael G. Thompson, co-president of BulldogResearch.com, a Web site that ranks analysts based on the accuracy of their earnings predictions. "He's one of the better (e-commerce) analysts, and unfortunately the sector has really gotten crushed." Kiggen is the recipient of Bulldog earnings estimate accuracy awards for a large number of companies. Kiggen did not return calls for comment. Blodget and Meeker weren't immediately available for comment. Primary blame for the decline in e-commerce stocks should be placed with company managements, Thompson says. "Clearly e-commerce companies have failed to deliver on some of their promises." Where analysts erred was in relying too heavily on the companies for information and in getting caught up in the enthusiasm as the stocks reached dizzying heights. Focused On Return, Not Risk The notion that analysts are to blame for investors' losses is "poor sportsmanship," said Thompson. Investors tended to focus on return and ignore risk, despite the clearly volatile and risky nature of investing in the Internet. Furthermore, investors cannot be absolved of responsibility for informing themselves about well-known sell-side analyst biases, said Chuck Hill, director of research at First Call. "If individual investors are going to play in the marketplace, unfortunately, they need to be able to decode what the recommendations mean." Analysts tend to have an extreme positive bias toward the companies they cover, because pressure can be exerted by the investment banking side of a firm's business, which may be doing or want to do deals with the companies, and analysts may fear negative calls would hurt their relationships with company officials. Less then 1% of the recommendations logged by First Call are sell or strong sell ratings, while 75% are buy or strong buys, he said. With that reality in mind, investors should "move everything over one notch." If an analyst says buy, they're really neutral; if they say they're neutral, sell is the real message, Hill said. Clearly though, plenty of average investors took the recommendations of high-profile equity analysts at face value. "I relied upon the recommendations and bought them all," wrote a poster named "BWAC" on the Silicon Investor Kiggen board. "I perceived them to be a professional advisor. One who was in the business of advising others, one with special skills above my own, one in the know, a professional, knowledgeable, one to be relied upon, experts on the subject. I just don't understand what happened." --------------------------------------------------

To: Anthony@Pacific who wrote (63372)	11/22/2000 8:32:27 PM
From: Brasco One	Read Replies (1) \| Respond to of 122087

Anthony, jamie is getting famous. maybe couple of more articles, he'll be out.

To: Anthony@Pacific who wrote (63372)	11/22/2000 8:39:21 PM
From: Mongo2116	Respond to of 122087

Happy Thanksgiving and congratulations on the great outcome of your shorts...."all of them"......now just keep that head of yours in proportion to the rest of your skinny self. :)

To: Anthony@Pacific who wrote (63372)	11/22/2000 11:04:04 PM
From: majormember	Read Replies (1) \| Respond to of 122087

Wishing You and Your Family a Very Happy Thanksgiving. There is much to be thankful for if people look for the good, instead of always trying to find the wasteland of life. We all come and leave alone; it's up to us how we live our life in between. Your personal story is one of integrity and living life with finesse and honor. To your detractor's go the spoils, of which they are so worthy of.