Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: AJ Berger who wrote (2244)	8/2/1999 10:08:00 PM
From: don denson	Read Replies (1) \| Respond to of 4443

Well, you are correct in many ways, and yours is a valid opinion. Early on astn was over-bought and corrected to an over-sold level- many of us just had to trade during that period. So I see what you mean. The general market will effect astn like all other such issues. I sure can't deny that. We probably will stay at the 10+/- position for some brief period. There is always a chance for a spike. I was in gern last fall (sheer luck) just before it caught some national press and tripled in a day, and fell back. These things happen, and you got to rock and roll with the gig of the moment (I'm no day-trader, but you eat off the dinner plate set in front of you). I just don't think this is going to happen to ASTN again IMO. We already know that the co rues the notion of pr (for all the reasons which have been discussed). However, I am in a group that thinks it will be hard to hold the word back from the general public, some clients will really expect it! I mean, and excuse me while I get on my soap box, there are abuses in the current market for publicly owned securities, etc, etc.. To me, this is the story that will have to be pursued by the media. They have been at it, the big board and others have fessed up in litigation and other forums. The time has come to deal with this and private businesses have been moving with the current. Most of these operators have been ECN's unlike VTS under UTTC with its institutional niche (a great part of their business plan). This is the story, that will interest the media. ATG must launch its initial vwap system without a hitch, because media eyes will be on it. Hence, we might see a spike at that time and if so, maybe you will see a wild trading session again for a short while but in my opinion not as pronounced as before. Weighing that possibility against the elements of the mm's (47 working the stock now?), I think the shock will be absorbed and more elongated than before when they were caught off guard. My belief is that analysts have been at work with valuations given the volume flow estimates - we've seen some posted here or yaboo. I think the projections so far have been reasonable given the anticipated modified ramping up expected. Brokers will be given this knowledge beforehand, I think exuberance will be moderated. Frankly, if we knotch-up a point or two above the previous high of 18 on a spike, I will be mildly surprised. However, I will be more surprised if we don't see steady upward movement after that paralleling the continuous news of progress (as might be expected). All bets are off if the momentum players arrive to play. I have no way of predicting what would happen then. Having been on those rides, I have mixed feelings about them- I prefer steady building strength over decent time intervals. Again, the pr won't come from the company to account for that- can't see any way at all that would be the case (regardless of what the shorts have tried to say along this line). But the outside newsletter guys, etc, can play havoc. That's my view as an unadulterated long. FWIW Oh, one last item, I think you have to have a belief that FR has what it takes to kick some butt on the Street. This is in your face capitalism. Place your bets, my dough is on Fred. d