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Non-Tech : Ashton Technology (ASTN)
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To: mst2000 who wrote (1474)6/2/1999 12:29:00 PM
From: AJ Berger  Read Replies (1) of 4443
 
Always keep your eye on ASTN's competitor ITG

and you will see this is a sub-sector wide weakness.
ITG announced that very significant deal with Bloomberg
yet it's trading back where it was before that deal
was announced making it a bargin buy in the $30's
considering it's already now where ASTN want's to be
a few years from now. Basically, you should always
leave ITG on the screen under ASTN. This way if they
both weaken together, you can take comfort in knowing
it's not a problem with our ASTN speculation, rather
that money is temporarially flowing out of these stocks.
There may also be a mistaken perception that as the
online trading market gets more crowded, stocks like
ASTN and ITG should suffer along with the E-Trades and
MyTracks of the World. We all know those are apples
and oranges, and should keep our wits about it all.
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