Fatty's Donut Shop Message Board

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Strategies & Market Trends : Fatty's Donut Shop

KKD 21.00

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Aug 4 5:00 PM EST

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To: Matt Brown who wrote (3638)	9/23/1999 9:31:00 AM
From: Jorjenzak	Read Replies (1) of 5041

Interesting note from your lurker friend.....I have to disagree with Mr. Cook however.....its not an overnight fix once the things that were missed or overlooked get cooked by Y2K. What I meant (and no I am not selling ECNC and now I am sitting on a 50%+ loss...why lock it in??!!) was if you are sitting on a profit...one strategy (if you believe there will be a mini-crash or good overall decline in the market prior to Dec. is to pull out that cash and sit on it until the decline in prices hits...then buy like crazy if you can guess the bottom or close or hit the rebound and buy into it. Just like selling spikes and buying dips on a stock you are familiar with and confident of it general upward direction. My personal thought on Y2K is it is MUCH BIGGER than many give it credit for being. Its NOT just software....its everyday stuff like the chip in your car that runs the computer that tells it how to adjust the fuel mixture and where the shift points are for the tranny....its in little digital switches EVERYWHERE that run any number of bigger machines....its in all the local government computer networks which have not gotten the attention for preventative maintenance unlike on the federal level....its in your computer if you haven't bothered to check into it (speaking to the general audience)(maybe the market runs fine but you can't access it online because your computer crashed and the local phone company failed to catch a few things and the local exchange is down so you can't call your broker....bad mojo).....its in all the small businesses that have bigger problems to worry about right now than checking into their Y2K preparedness and compliance.....its huge baby. I do NOT expect a depression to result or things to come to a standstill...but I DO expect alot of unexpected snarls and glitches and REAL inconveniences which MAY effect the market. The good point your lurker made is regardless of the true danger or risk....fear is the driving force in the market that becomes the reality of market direction...fear of missing out versus fear of losing it all... just some thoughts...I'm staying in and riding it out personally....not much at risk here.

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