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


To: Rob W who wrote (791)5/7/1999 8:08:00 AM
From: r yudin  Read Replies (2) | Respond to of 4443
 
Auric's posts on the Yahoo thread were sent to the SEC for review. He called the officers "crooks" and I have no doubt Fred R took notice.
On another note I apologize to everyone for my racist comments. I lost my cool and assure everyone that I won't be making personal attacks again



To: Rob W who wrote (791)5/7/1999 9:08:00 AM
From: Zeev Hed  Read Replies (1) | Respond to of 4443
 
Rob, you should not read what I do not write, I do not think I ever said that the DD of the long was "... mostly limited to the fine credentials ..." , to reward my opinion on those credential, these are a "necessary" condition for success, but not a "sufficient" one. Other things need to fall in place, such as financial strengthening market recognition and many other. If I understood correctly from candle stick recent post, by the end of the year they will have 100 institutions signed up. I cannot see how that is going to generate 20 MM shares daily.

Here is my math, there are at least 10000 institutions (there are many more of course, but I am tilting the numbers on "your side"), 100 is only 1%, even if they carried all their trading with ASTN by the end of the year, and assuming they did that for all their NYSE trading (not just the 300 issue allowed for the pilot plan), you will still get to only 8 MM shares daily. You know that number to be inflated because institutions do no more than 80% of the trading, and the trading in those 300 issue is probably no more than 400 MM shares daily, and there are many more than 10,000 institutions, thus the resulting number should be no better than half that much. The key to success will be rapid acceptance and some 5000 subscribers as well as competitive pricing, IMHO.

Zeev