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Non-Tech : Ashton Technology (ASTN)

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To: AJ Berger who wrote (807)	5/7/1999 12:11:00 PM
From: mst2000	Read Replies (1) of 4443

The spike (which lasted one day) occurred on the day Reg ATS was announced. The CNBC infomercial was known to be such the day it was announced - all CNBC programming on the weekend is paid programming. If daytraders trade stocks because of weekend CNBC programming, then . . . well, words don't begin to describe how much less respect for them I would have than I already do if that were the case. I think the December spike was 100% cause and effect, and the cause was the announcement that the SEC had approved Reg ATS and would be publishing it in the Federal Register with an April 99 effective date. The next spike commenced with the SEC approval of the amendment to PHLX Rule 237. The rest may explain a peak or valley here and there, but in my opinion, the real juice has been the anticipated launch of VTS, which is becoming more and more real every second.

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