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Non-Tech : Ashton Technology (ASTN)

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To: mst2000 who wrote (3947)7/24/2001 7:56:03 PM
From: mmmary   of 4443
 
mst: my answer

First my caveats. Yes, a 20M vwap day would be good for astn if (1) they are still in business by that time (2) they could show a profit on that volume (3) if it's real volume and not some made up number (that bit today about vwap volume being more than entire volume for the exchange on a certain day is disturbing).

Vwap volume will not matter if they're out of business, out of money, have big shareholder lawsuits, share value goes down to the pennies, there is extreme dilution through toxic financing, there is a huge reverse split then more shares are printed up...

vwap is one piece of the equation. It isn't everything. I've seen companies with great products go belly up. I've seen companies with so so products become extremely successful. It's like you're a smart guy but that doesn't mean you are successful or a great investor. See what I mean?
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