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Non-Tech : Ashton Technology (ASTN)

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To: Nanchate who wrote (3030)12/1/1999 10:31:00 AM
From: CMon  Read Replies (1) of 4443
 
I disagree.

There is a big difference between different types of investors. In general, and not specific to ASTN: it matters alot if an activist takes a position in a company, it matters not at all the, because a company is in a few indexes, mgmt companies that benchmark to that index have positions in the stock.

In regard to ASTN: the names you list, again, are mostly index investors. Whatever stock is in the indexes they benchmark to they own in it's proper proportion. Their ownership of ASTN is neither a positive nor a negative. It shouldn't surprise you at all.

As for your comments about these holders "removing shares from the float", that makes no sense. The flaot is what the float is. It has to be held by somebody, right?
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