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: Dana Johnson who wrote (2739)	10/1/1999 12:17:00 PM
From: mst2000	Respond to of 4443

Dana - I don't give short term investment advice. Unlike Auric, I don't always time entry and exit perfectly (or, putting it a little differently, I am truthful about it). So I am not quite sure what to tell you. I do think $7.375 is a bargain for this stock if you look over a 6 month - 2 year timeline, but I'm not sure how it plays out over the next 3-5 days. And I am absolutely convinced that the stock will be trading in the teens by January 2000, yet I don't know if it will close up or down today or on Monday . . . does that make any sense? I do think it will be heading north sooner rather than later, because of positive developments that are imminent. As volatile as it is, I would not put in a stop loss (it's just a target for a dealer at some point down the road), but would watch it carefully if you intend to sell on any serious downward spike. I did not sell any stock in the move from 2 to 17 and from 17 to 4.75 and from 4.75 to 7.375 (I take this long term stuff very seriously). As for my price objective, it was $30 when I first made this investment in 1996, but over the past three years, my belief has evolved -- in view of the expansion of its business plan since the IPO, my current view is that it will be worth much more than $30 per share eventually. Now that I have tens of thousands of shares which were bought for less than $1.62 per share, I may start selling some (up to 20%) of my shares in the mid to high teens just to take my downside risk off the table completely (wish I had done that in May, hindsight being 20/20), but intend to hold 80% or more of my position for at least 2 more years, barring unforseen circumstances. Good luck. Do your own diligence! MST