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

To: Sir Auric Goldfinger who wrote (3256)	2/4/2000 1:37:00 AM
From: mst2000	Read Replies (2) \| Respond to of 4443

As always, I think you miss his point completely - of course Lynch had small caps in his portfolios - but not development stage without earnings. ATG has a good balance sheet - just too small to register on Fidelity's screen now, especially without earnings and the history of delay that is about to end. When the cash generating engine at ATG starts running, that perspective will change radically in my opinion from a lot of institutional directions. But I repeat my earlier question (which you didn't answer) -- does your opinion of ATG as a going concern and as an investment change if Fidelity establishes itself as a sponsor, either as user of eVWAP, investor or both?? And again, a straight answer would be appreciated. MST

To: Sir Auric Goldfinger who wrote (3256)	2/4/2000 6:04:00 PM
From: M. Frank Greiffenstein	Read Replies (1) \| Respond to of 4443

Privyet, Gospodin! I've read all Lynch's books. He rarely bought any technology stocks. He played demographic trends expertly. But he never bought even solid technology stocks, and certainly not speculative ones. C'mon Auric, since when did Peter Lynch's philosophy drive the entire Fido family? It was just Magellan. And you know just as well as I that Fido funds are notorious for buying stocks that have no relation to a funds stated philosophy. Ever look at OTC funds, supposedly into small agressive growing companies and concept stocks? GE, MSFT, Gilette, AOL, WCOM, etc. Not sure why the lack of Peter Lynch's presence in ASTN stock has any bearing on anything. DocStone

To: Sir Auric Goldfinger who wrote (3256)	2/5/2000 12:28:00 AM
From: Candle stick	Read Replies (1) \| Respond to of 4443

Hiya Auric, here is some reading for you. I love this guy, he reads you like a cheap paperback. Again, from the Richard Geist article found here: smallcapdigest.com The Negative Use of the Obvious Many concepts in the investment world are taken for granted, but these notions are easily manipulated to appear anomalous. For example, a common ploy when discussing development stage companies is to point out that the company has never reported any meaningful sales or earnings. One could argue that such comments either reflects very little experience investing in development stage companies, or that someone is attempting to turn the obvious into frightening revelations. It contributes to the na‹ve impression that one should not invest in companies, which have shown no profits. As a specialist in development stage companies, it seems fair to say I have never seen a development stage company that has produced revenues and earnings. But the negative use of the obvious creates a psychological feeling of estrangement in us--e.g. how could I be so stupid as to invest in a company with no earnings or revenues"? The distortion of common sense facts fosters a sense of enfeeblement in one's sense of self, as we feel exposed to such an "obvious" mistake.