*********Important******************
Remember these posts that I made here on Kimberly's thread just barely a week ago?
Message 8543877
Message 8588141
Message 8706265
Look where IATV, XCED, and NTXY are now. When you do some DD you find that these moves were really no surprise.
For me, the greatest gratification comes from buying into a position BEFORE the masses start pouring in. Some traders/investors may have a hard time buying stock that doesn't have a momentum chart. They wait until it does. Problem with that approach is you may miss the first 50-100% movement of the stock that comes on the heels of a big press release before or after the trading bell.
I believe the following stock will present at least as great an upward movement in a one week period as the above stocks. Long term, I see ASTN as being one of those stocks you know about without me having to remind you here. But I certainly hope you will remember this post if you are not familiar with the company already.
Please, please do you own DD. Check out their website and their impressive subsidiaries. Read about their relationships with the exchanges, the SEC, Compuserve, NITE, etc. and call the IR.
Nasdaq : ASTN Ashton Technology Group
Monday 4/12/99 close: 4 5/32 + 11/32 vol. 633,600
52 wk: 1 1/16 - 5 1/8
What's so special about ASTN?
1.) Major potential based on prioprietary technology & IPO spin-off possibilities of subsidiaries
2.) Talented & experienced management. Check their bio's on the website
3.) Unique INTERNET technology. See website for details.
4.) SOS only 15M and Float only 9M
5.) Currently trading under $5/share
6.) Launch of new subsidiary services and other news developments ahead.
7.) Revenue streams from online trading transactions.
Market cap currently at: $62.3M
Where will it go? My wild-eye guestimate:
Market cap about 20% of NITE which would be around $1B before year end.
Anybody for a 16X bagger ?
ashtontechgroup.com
From their website:
"Ashton Technology Group - ATG is an Internet technology company,
providing products and services to the financial services industry. ATG is
developing a family of online transaction systems using advanced
telecommunications, computing, and information security technologies that
will facilitate transactions among participants in the financial markets.
ATG's proprietary transaction systems will be made available to users
through both proprietary communications networks and the Internet."
ashtontechgroup.com
Subsidiary:
gomez.com
"Gomez Advisors continues to be cited as the leading authority on the Internet brokerage industry. This Securities Industry News article includes comments from Gomez principals John Robb and Dr. Alexander Stein"
Recent news items:
ashtontechgroup.com
I want to get more numbers to crunch on projected earnings, so I will be back with more DD.
Lots of rumors flying, but I don't want to perpetuate any of them, but you can check the various message boards if your curious.
DISCLAIMER: Not a recommendation to buy or sell. I am not a broker, or market maker. I do not have any relationship to the company. I do own shares of this company. |
