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

To: Sir Auric Goldfinger who wrote (729)	5/5/1999 1:44:00 PM
From: mst2000	Respond to of 4443

Oh - I thought you meant sadism and masochism, LOL. Actually - 2 points: 1st to Zeev - true - but the first $40 million or more will be tax free (they have NOL carryovers owing to two years of no revenue). So I would apply the "taxation" discount to FY 01, not FY 00. To Auric: What do you think the 40 million was spent on the last two years?? Sitting on their thumbs at $5-6 Million per quarter? The burn rate which is accounted for in the "napkin model" owes a large chunk of its existence to the items you mention. I have them spending somewhere near $25-30 Million this fiscal year - I can assure you, its not just rent on their office space. Look - I'm sure you guys made out great today shorting this, and will do so over time and time again, no doubt in my mind. But one does not need to make a mockery of fact or to recite BS like it's fact, in order to make the point that there is money to be made when a stock gets run up too quickly. I think any reasonable person recognizes that, and this stock has traded within a $2 range on most days since the SEC approval was announced. But you better time your moves perfectly, and hope there is no good news, if you continue to short this with such arrogance. This is a serious company, a very serious company, and if you underestimate it, the egg will be on your face. I've made my investment decision, and nothing in any message board will change that -- but I'll concede that if the price goes to 20 tomorrow, I might sell some part of my position with the intent of buying it back at 16 if the run up makes no sense. I'm not sure I'm at the point yet where I feel comfortable doing that with more than a small % of my position, but in hindsight, today would have been a good day for it. That is all for now - leaving for a black tie dinner 4 hours away in a few minutes - see ya tomorrow! MST