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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (32923)	9/25/1998 6:35:00 PM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 132070

MB- What do you think about PRGN,peregrine?I couldn't find your reply to Skeets about it.... B

To: Knighty Tin who wrote (32923)	9/25/1998 6:52:00 PM
From: miklosh	Read Replies (2) \| Respond to of 132070

I searched on implats; nothin'. Telescan lists the co as the following: IMPALA PLATINUM HLDG LTD A D R (OTCBB:IMPAY) does this mean that it listed on the nasdaq as impay? What does the bb in otcbb stand for? Sorry for the novice questions. tscn.com

To: Knighty Tin who wrote (32923)	9/25/1998 9:26:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 132070

Is this anyone you know?https://www.siliconinvestor.com/readmsg.aspx?msgid=5845447

To: Knighty Tin who wrote (32923)	9/25/1998 9:51:00 PM
From: kahunabear	Read Replies (2) \| Respond to of 132070

That $80,000,000,000.00+ market cap on DELL is just down right bizarre. Could be another Long Term Capital in the making ? I wonder if the Fed wants to get in the computer business. Makes YHOO look cheap at a price tag of just 10 billion. WS

To: Knighty Tin who wrote (32923)	9/25/1998 10:48:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 132070

Mike, since you dropped out of Ph.D. for not doing well in options class, here are some more readings about the options Guru's hedge fund. Be prepared to take a test on it. -g- news.com news.com

To: Knighty Tin who wrote (32923)	9/26/1998 8:58:00 AM
From: Ron McKinnon	Read Replies (1) \| Respond to of 132070

Mike, could you give me some insight into the profitability and risk dynamics of market makers? I'm asking specifically because I have been messing around with NITE the last month or so took a hefty position in it in the 6.50-8.50 range, unloaded at 9.50-11.50 am rebuilding a small position and may go heavy again but im not sure I understand all the risk implications NITE did their IPO in July the latest info I have shows: Insiders own 35%. Waterhouse Investor Services owns 12%, E*TRADE Securities owns 8%, Gruntal & Co. owns 5% some big seller hammered this sucker down relentlessly from 16 to 6 a while ago; after he finished it made a solid double in about two weeks volume of late has been "normal" questions: are the revenues for a market maker primarily from the spread and net gain/loss on held positions? their data seems to show that the net risk of their long/short positions is reasonable hedged; am I missing something on that? their PR indicates that they are one of, if not the leader in transactions; it would seem that the high volume days we are seeing would help their business changes in such things as payment for order flow, soes or other SEC changes, other trading alternatives such as island etc; all may serve to negatively impact their results they seem to be reasonably capitalized and with earnings of about a buck have a P/E of about 10x's should I like this thing as much as I do and what risks might I be missing? thanks