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: Sir Auric Goldfinger who wrote (2311)	8/13/1999 11:19:00 AM
From: TENNET	Read Replies (1) \| Respond to of 4443

Its looking like a coiled spring---Careful Aura-- eom

To: Sir Auric Goldfinger who wrote (2311)	8/13/1999 11:51:00 AM
From: AJ Berger	Read Replies (2) \| Respond to of 4443

Yup Auric, I gotta admit, that really sucks only excuse I can think of is how he know he'd be missing the July/August launch windows, and was afraid that stock would get clobbered. Hell, everyone here would have done the same if they had a half a million shares. Fred probably has more shares coming to him in the future, so why not take some profits off the table. Fred probably saw how ITG was getting killed during low volume markets, and maybe figured the appreciation on launch would be more tied to volume figures then the pure hype of ECN's and how unlikely is they'll get to 20mil shares per day. I suppose they'll be asking him this question at the shareholders meeting. Like I posted before, my insiders tells me there will be no launch in August, so it pays to wait till we get some of these questions answered before going long in early September. This stock may be too cheap to short, but I'll keep my cash in my pocket for now.

To: Sir Auric Goldfinger who wrote (2311)	8/14/1999 2:38:00 AM
From: mst2000	Read Replies (2) \| Respond to of 4443

Tiresome to repeat myself, but let me do it anyway, quickly: 1. Rittereiser has 1.72 million shares beneficially - 1.0 million in options, the rest directly or through controlled entities. The "size" your refer to (and I had heard it was 150,000 shares, not 200,000, which is not a material difference in any case) is around 10% of his holdings. To which I say "BFD". Your implication is that this is a pump and dump and the CEO dumped. Well, first, he isn't doing the pumping -- the stockholders whine incessantly about the LACK of PR coming from the home office -- and he doesn't take crap from nobody - he does what he wants, and what he thinks is right, and I think he would give your whining about 5 seconds of thought before moving on to how to make money for the company. I put a lot more faith in him than I ever would in you. FWIW - He is still the largest shareholder in the company after the sale. And 10% of your position simply is not dumping. Look at NITE - Ken Pasternak sold 10% of his position in March 99 at 33.50 (pre-split) - the stock was trading for 160 per share a few months later. I guess that CEO sale did not lead to the sky falling. This one won't either. 2. Officers sell stock for all sorts of reasons - he has been waiting for 5 years to get a big check from his efforts with UTTC and ATG. This is the first of many to come. I hope he bought a nice house, or built up money to exercise his options. But frankly, I don't care why he cashed out 10% - it's his prerogative. 3. ATG is not a pump and dump. It is premiering an important ATS trading system any day now. The SEC has been all over it for 3 years - if it was a BS company, the SEC would not have approved its trading system after 3 years of scrutiny. It has important subsidiaries - UTTC, Gomez and eMC - all have tremendous value creation potential. You, on the other hand, are the Chicken Little of shorting - every 2 weeks or so you tell us why the sky is falling. Frankly, your posts are redundant and lacking in substance. 4. Did I mention that this post, like your others, is shallow? So the CEO sold some shares - something posted on Yahoo over a week ago, BTW. But tell us why the company is not going to succeed. Let me be perfectly straight. You are in effect alleging that they are a bunch of criminals selling stockholders down the river for their personal benefit, pumping up the stock so they can sell it at higher prices while we aren't looking. I think you are full of it - I think you know next to nothing about the company, and have been trying to fit it into some pattern of bad BB stocks that you have made money off of in the past. It doesn't fit. Your willful failure to understand what it is they do if going to lead you to a very bad outcome on this short - you are going to get your clock cleaned - and a lot of people are going to howl when it happens. MST