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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: lebo who wrote (21108)	1/3/1999 2:41:00 PM
From: Scott	Respond to of 120523

Comments on NITE from today's NY Times (I have no position in NITE): Investing With: Jim Callinan of Robertson Stephens Emerging Growth By WILLIAM R. LONG ... Last summer Callinan paid $12 each for shares of Knight/Trimark Group of Jersey City, N.J., parent of Knight Securities, a market maker that buys and sells 6,500 Nasdaq stocks. He bought more after the price fell to about $7 at the end of August. The stock traded last week at $$23.9375. Callinan considers Knight/Trimark an Internet-related play because half of its business is in stock trades for online brokers like Etrade. He estimates that Knight/Trimark's earnings will grow from 92 cents a share in 1998 to $1.60 in 2000 and that the stock will be trading this time next year at 15 times 2000 earnings, or $24. ...