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Non-Tech : Ashton Technology (ASTN) -- Ignore unavailable to you. Want to Upgrade?


To: MARU CAT who wrote (1728)6/14/1999 2:18:00 PM
From: Sir Auric Goldfinger  Respond to of 4443
 
Interest rate environment not good for stocks with high p/e / no p/e stocks. Some small bounce possible, but stock goes lower, like sub$5.

This thing trading at 57X sales and has a negative book value and is chewing cash. How do you think they can raise more $ in this kind of environment? Gomez not gonna make it out (IPO) with relatively higher cost consulting revenues and all of $1.5 M in sales. As Sandy Robertson would say, "the filter has closed." CS knows nuthing and he has lost again! IFLY sub $5, if you want to see another Surge deal gone bad.

As Arnold would say, "Gedt Owwt!"