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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?


To: Stock Watcher who wrote (6899)4/20/1999 11:58:00 AM
From: TWICK  Read Replies (1) | Respond to of 52051
 
SW, thanks for the ASTN review. Hoffy would surely agreed that we should add another "high-priced" issue to the INDEX. NITE is a monster that is trading at 75-76 right now and is due to report tomorrow, 4/21 . It came down from an all-time high of 133 1/2 just a week ago. NITE was dragged down with the rest of the OLBs (AMTD, EGRP, SCH, NDB) It's not an OLB as I'm sure everyone knows, but the Market-Maker for the OLBs and other brokers. We all know how many traders and investors are online, keying in transaction after transaction. With all the OLBs posting record revenues, you know NITE is going to post an incredible earnings report tomorrow. With the pending Inet rally, which is only a matter of time, NITE could easily break through the 52 week high

Business Summary
Knight/Trimark Group Inc. is a market maker in NASDAQ securities, other over-the-counter (OTC) equity securities, and equity securities listed on the New York Stock Exchange and the American Stock Exchange in the Third Market. For the fiscal year ended 12/31/98, total revenues rose 57% to $355.7 million. Net income (vs. pro forma) totalled $66.6 million, up from $28.5 million. Results reflect higher trading volume and increases in gross trading profits.

Knight/Trimark expands in to the international market. Keep in mind that E*Trade is expanding it's presence into Europe and Asia:
biz.yahoo.com

Knight/Trimark enhances it's services to provide Knight/Trimark's customers (broker-dealers and institutions) with electronic access to its trading systems, enabling them to initiate and monitor securities transactions from their desktops:
biz.yahoo.com

Twick



To: Stock Watcher who wrote (6899)4/21/1999 9:04:00 AM
From: Stock Watcher  Respond to of 52051
 
***INDEX #3 + 19%: techstocks.com