First impressions of a stock can ruin that stock for you and Knight Capital Group Inc (NITE) was ruined for Jim but he didn’t realize they had new management and his old college mate, CEO Tommy Joyce joined Jim today. In May Bernake gave a speech that change things for many. For hedge fund results Joyce pointed us to Barrons but he is happy with how the company is doing. The company is volume sensitive. Joyce feels that the biggest problem was the company was trader centered. They moved from the trader to being a client centered business. Jim gave NITE “two huge thumbs up.”