The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (10890)	1/19/1998 10:00:00 PM
From: Sergio H	Read Replies (1) of 79270

Doug from ASTN's 10Q: "On April 8, 1997, the Company announced that UTTC had completed development of its UTS(TM) VWAP(TM) trading system. Under generally accepted accounting principles, the Company expenses development costs until the system is ready for commercial use and thereafter capitalizes any additional development costs. Although the UTS(TM) VWAP(TM) trading system has been operationally ready since April of 1997, trading on the system can not begin until the Securities and Exchange Commission ("SEC") approves Rule 237 proposed by the Philadelphia Stock Exchange ("PHLX"). An amendment to the proposed rule, reflecting enhancements made to the system since the SEC first published the proposed rule in the Federal Register on September 4, 1996, was submitted by the PHLX to the SEC on October 27, 1997. Management expects that the SEC will choose to re-publish the proposed rule and amendments in the Federal Register, in which case the notification period will be a minimum of 35 days and a maximum of 90 days after publication. " Sergio

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