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Non-Tech : Ashton Technology (ASTN)

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To: Sir Auric Goldfinger who wrote (1832)	6/22/1999 3:14:00 AM
From: Candle stick	Read Replies (1) of 4443

This was printed on Briefing.com tonight. Thought it might pertain to ASTN: 15:43 ET ****** (Daytrader) : A message to those individuals currently short Internet stocks: You're marked men. Price action in Internet group today suggests that momentum players have the shorts on the run. Most conspicuous example is rally in online brokers. Group being paced by Ameritrade (AMTD +12 5/8), E*TRADE Group (EGRP +4 3/4) and Charles Schwab (SCH +8)... When shorting volatile, tech stocks, it simply doesn't pay to put your business out into the streets. Over the past week or so, this analyst has read three major business publications that have written unfavorable words on valuations of e-brokers. Each of the articles quoted fund managers who were short the group. In addition, at least one money manager has appeared on CNBC touting the downside in the online brokers... So much negativity in one place almost always signals a near-term short squeeze. Even stocks with the most broken of fundamentals benefit from this phenomenon.

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