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: mst2000 who wrote (2321)	8/15/1999 7:35:00 AM
From: Keith A Walker	Read Replies (2) \| Respond to of 4443

When I looked at the Yahoo! insider thread for Ashton, I got worried. Then I compared the level of 144 filings with one of my other favorite companies: Broadcom (BRCM). I found that even with a hugely successful company, like Broadcom, the 144 filings were also very high for the first 6 months of 1999. Maybe some of this just has to do with Y2K anxiety selling, or tax law or whatever. The bottom line in my mind was that 144's are virtually meaningless as a predictor of a stock's price. AOL would be just another good example of this poor predictor status for 144's. When Steve Case was selling, the stock continued to climb. Wall Street loves the AOL story, just as they will love the ASTN story as it unfolds and becomes profitable. The shorts on this thread have had some winners, FP is a good example. I think what is more significant on a very short-term basis is that when a short like AG is posting, ASTN takes a small hit. When he stays off the thread the stock tends to rise. There appears to be better than a 50% correlation. The other correlation is that when the market is down, ASTN is up. Shorts are feeling pain on their tanking long positions and having to get their margin back in line. FWIW.