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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Cosmo Kramer who wrote (2700)	3/13/1998 7:35:00 AM
From: steve goldman	Respond to of 4969

Well, we have a seat on the AMEX and until this year and the introduction of the Diamond iNdex trust, (Index of the dow), DIA, it was dead money for years....About 10 years ago the price of seats on AMEX and NYSE were the same. Until thisyear, an AMEX seat was going for 200k while a NYSE seat was 2.5 mill. I think the NASDAQ gets the validation of a listed exchange for its options and can possibly move some if its issue from the NMS system onto a listed exchange. Nonetheless, I would think the MM would be pissed as any money moving from NASDAQ to AMEX would reduce market making potential in those stocks. Thus, I think NASDAQ wants AMEX for options business and to move AMEX stocks to nasdaq. We shall see. Haven't seen the specs yet of the deal. Regards, Steve@yamner.com

To: Cosmo Kramer who wrote (2700)	3/13/1998 2:41:00 PM
From: g_m10	Respond to of 4969

Any thoughts on the proposed merger of Nasdaq and the Amex? Just got email with an article "Amex-Nasdaq: When Opposites Attract" in wired.com Some inteesting facts about face-to-face "open outcry" auction used by AMEX, NYSE: And that means geeks are starting to dominate a turf famous for being controlled by brutish, aggressive traders. "The trading pit is physically competitive - at times hostile," said Paige Paulson, an ex-pro volleyball player ... "Size is important. ... There are a lot of ex-pro and college athletes in there." ... often "it gets ugly." Traders in the pit fight for and defend positions in the circle that are as near as possible to the brokers, who take orders from phone clerks and customers. Part of subjecting herself to the brutal behavior of the pit is the reward of being close enough to the action to know what's going on, in a way that a phone and computer just can't bring to life. Now, that I know that my few hundred shares may cost a broker knocked out teeth or broken ribs I'll be more willing to pay a few cents per share commissions. :-}

To: Cosmo Kramer who wrote (2700)	4/23/1998 9:17:00 PM
From: MENSO	Read Replies (1) \| Respond to of 4969

Thursday April 23, 2:58 pm Eastern Time STV Group, Inc. Reports 160% Increase in Earnings For First 6 Months of Fiscal 1998 DOUGLASSVILLE, Pa., April 23 /PRNewswire/ -- STV Group, Inc. (Nasdaq: STVI - news), consulting engineers, architects, planners and construction managers, today reported net earnings per common share of 47 cents for the first six months of fiscal 1998, which ended March 31, 1998. This was a 160 percent increase over the same period of fiscal 1997, when earnings per common share were 18 cents. Michael Haratunian, chairman and CEO, stated that the company's significant improvement in performance comes as a result of STV's success in positioning itself in the growing market of transportation infrastructure. Several such projects are now underway, lifting STV's revenues and profitability. The company also announced on April 16 that it is part of the consortium that has been awarded the $1 billion rail line connection to John F. Kennedy International Airport. STV will provide engineering and construction inspection services for this project, making it one of the largest contracts in the company's history. Net income for the six-month period was $907,000 on $50,132,000 total revenues. The firm reported $341,000 net income $45,047,000 for the first six months of fiscal 1997. Net income was $495,000 on total revenues of $25,997,000 for the second quarter of fiscal 1998, compared to $183,000 on total revenues of $22,311,000 in fiscal 1997. Net earnings per common share were 25 cents for the second quarter of fiscal 1998, compared to 10 cents for the same period in fiscal 1997. Net operating revenues were $19,796,000 for the second quarter of fiscal 1998, and $38,954,000 for the six months ending March 31, 1998. STV reported $18,181,000 and $36,304,000 respectively for net engineering revenues during the same periods in fiscal 1997. Current backlog stands at $117 million. SOURCE: STV Group, Inc.