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Non-Tech : Ashton Technology (ASTN)
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To: Sir Auric Goldfinger who wrote (2584)9/12/1999 11:32:00 PM
From: mst2000  Read Replies (1) of 4443
 
You keep talking as if the stock price and ATG's treasury are one and the same. If RG ends up with more stock, that's life -- the $20 MM is in the treasury whether RG gets 1.8 million shares or RG gets 2.5 million shares. And if they short to create a hedge at $7.85, they run the risk of locking up their upside if developments take over the so-called "selling pressure" - is it your theory that this was RG's investment strategy? Remember, there is a floor on conversions until 2/17/00 at $7.85 per share. So they can't depend on their conversion shares to cover if the price starts to spike in the 6's or below. Does that not hurt the efficacy of the hedge somewhat, oh great (self-proclaimed) genius of the trading world.

And by your theory, isn't a lot of the current downward price movement due to the short position they have already been establishing since 8/17? So how many more short shares do you think RG is going to "sell" before they finish establishing the hedge you are so convinced they are establishing? I think this is all in your mind, BTW, but even if it isn't, your theory is internally inconsistent. But I have to hand it to you - when it comes to arrogance, you are in a class by yourself. You bring new meaning to the word "arrogant"

MST
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