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

To: Sir Auric Goldfinger who wrote (854)	5/8/1999 2:33:00 PM
From: mst2000	Read Replies (1) \| Respond to of 4443

Auric - I think that's the point. Think "iterations". By the way, by what academic standard do you qualify to declare the that the "PHLX does NOT count, the transaction cost estimates are WAY too high"? Or perhaps you should explain what you really meant. Just curious. MST

To: Sir Auric Goldfinger who wrote (854)	5/8/1999 6:20:00 PM
From: r yudin	Read Replies (1) \| Respond to of 4443

Dear Mr Middle finger, I suggest you keep posting your objective views. It is you " old man" who are in the dark. Do you really think ASTN will be out of business before they make a dollar? Do you really think you will "corner the market" here? My guess is that you are full of hot air. You are on the wrong side of the tracks in a very bad neighborhood.. I'd watch my portfolio very closely from your treetop this week if I were you. P.S From a look at your pic,you ought to have a salad now and then. you don't look so svelt these days.

To: Sir Auric Goldfinger who wrote (854)	5/8/1999 7:37:00 PM
From: mst2000	Read Replies (1) \| Respond to of 4443

Auric, you crack me up, do you even read the articles you post, that you think should cause ASTN longs so much concern?: >>On Thursday, Instinet announced that it had organized a consortium to buy a 54.4 percent stake in Tradepoint Financial Networks P.L.C., a tiny British electronic stock market that recently got permission from the Securities and Exchange Commission to accept orders directly from American money managers. . . . . . . . . . Not only does the deal make Tradepoint a stronger competitor in the European market, it also signals a provocative shift in Instinet's role in the American market. For months, Instinet has been discussing some sort of electronic alliance with both the New York Stock Exchange and Nasdaq, as those traditional markets try to compete with the growing E.C.N. community. The Big Board wants a share of the trading in Nasdaq's hot Internet stocks, and Nasdaq is trying to retrieve business it has lost to the E.C.N.'s. But yesterday, Douglas M. Atkin, the chief executive of Instinet, said he would now be far less interested in a partnership with just one of the giant exchanges, unless it was aimed at forming a single domestic electronic trading network that mirrored Tradepoint. "We think that is what our markets need," Mr. Atkin said. "Even if one exchange wanted to do a deal with Instinet as a single partner, we don't really think that's the way to go." Mr. Atkin conceded that his vision of a unified electronic market ran counter to the current proliferation of competing electronic services. "But I think the tide is shifting," he added. "We would much prefer the natural parties -- Nasdaq or the N.Y.S.E. -- to be putting this together," he said. "But Tradepoint guarantees that there is a very significant third option if the other parties don't act." << So, Insitinet has decided to hedge against the possibility (probability) that the NYSE and NASDAQ won't embrace its concept of a single electronic exchange (presumably with Institinet at helm) by getting a consortium of traders to fund a nearly broke small London electronic stock market which it hopes will enable it to do what exactly?? How does this signal the death knell of Ashton precisely? My interpretation is that the NYSE is moving in a different direction, that nobody will ever be able to get NYSE and NASDAQ to sleep in the same bed together, that new electronic competitors will be emerging and that the market will soon look like a potpourri of exchanges, some electronic and some not, and trading products (including ATS's), thanks to Reg ATS, and if you ask me, not only does it say NOTHING about whether VTS will become operational (bet you a steak it does operate, by the way), but rather suggests a variety of reasons why it is likely to be a success and why the NYSE actually might want to embrace it. I don't know, the more I read about this stuff, the more convinced I become that VTS and UTS are going to be huge. I suppose you think I suffer from mass delusion brought on by a 6 week 5-bagger (actually only a 2 1/2 bagger for me), right? Or will you concede just the possibility that this isn't hype, but real, and that you may just be wrong on this one? MST