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

To: scanshift who wrote (202)	2/11/1999 2:21:00 AM
From: Curbstone	Respond to of 10027

scanshift, Perhaps I have no business investing in a company whose inner workings I do not fully understand. Thank you for the "due respect," but I probably do not yet fall into the "active trader" category. I have had NITE on my radar screen for about a month and like what I've been seeing. News, Price, Earnings, Recommendations, etc. This recent burp in the market was the buying opportunity I've been looking for. I suffer no delusions of NITE becoming the giant killer among MM's, but given the internet trading hysteria presently occuring, I don't think a short-term target of $60-80 is entirely out of line. If you don't mind another question: What would prevent NITE from either becoming, buying, or essentially funtioning the same as an ECN sometime in the future? If this is clearly the direction the industry is heading, don't you think NITE is positioning itself for it? Profitable companies with good management do not operate in a vacuum. Mike

To: scanshift who wrote (202)	2/12/1999 2:12:00 AM
From: Burton Waxman	Read Replies (1) \| Respond to of 10027

Do you really think companies like E-Trade and Ameritrade who own substantial amounts of NITE, and whom they give substantial amount of their business is going to off-load their business to someone else. The stock(NITE) generally follows the fate of EGRP and AMTD but has been somewhat of a laggard due to an amount of shares that come off restricted. Once these shares are consumed, NITE will probably outpace the E-traders since they are not encumbered by threatened court action or going down(at least to public scrutiny). As I recall their last P&L they make good money and are growing at least as fast as the parents. The high P/E ratios of the e-traders recognize the growth of this industry and NITE will probably outperform them in terms of profit growth.