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


To: Keith A Walker who wrote (2170)7/25/1999 9:43:00 AM
From: AJ Berger  Respond to of 4443
 
Agreed, it does make sense

that when shorts see ASTN firm on
a down day that they would use it
as an opportunity to cover, only
to short again when the downward
momentum seems assured. Good job
pointing this out. I also think
ITG bares watching with ASTN.
They are very different stories,
however ITG is becoming a market
volume gauge that seems to go up
when we have a few Billion share
days, and down on lower market
vol. ASTN will probably get pre-
measured the same way once it's
system goes online next month.



To: Keith A Walker who wrote (2170)7/25/1999 1:22:00 PM
From: LTK007  Respond to of 4443
 
<<They will need to cover their short(s)
when their long positions are getting hammered.>> Never thought of that,but that would be the natural action of a hedge fund--to take profits on their shorts when their longs are being hammered.Max