2000 Date-Change Problem: Scam, Hype, Hoax, Fraud Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : 2000 Date-Change Problem: Scam, Hype, Hoax, Fraud

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bill Wexler who wrote ()	9/26/1999 6:23:00 AM
From: Bill Wexler	Read Replies (2) of 1361

WEXLER 1000% CORRECT ABOUT THE Y2K HOAX AND STOCK FRAUD Subject 15277 All 5 stocks that I recommended shorting on 5/31/97 are now comfortably in the single digits. The least profitable short was IMRS which declined only a measly 50% (split adjusted) as compared to the others with declines of 80%+. Compare this with an average 10% per annum return for all stocks over the long term and the S&P rising from 846 to 1277 (over 50%) in that period. In other words, an investor who bought into the Y2K software doomsday nonsense in 1997 and bought a basket of these top Y2K players would have lost nearly all his money while a simple investment in an S&P index fund would have returned 50% over the same period. I recommended shorting the following five stocks on 5/31/97 - a Saturday - here is the price of each on the first day of trading following the recommendation (6/2/97). IMRS 16 1/4 (split adjusted) VIAS 55 ACLY 17 DDIM 29 7/8 ZITL 23.50 Here are the prices as of 9/24/99 IMRS 8 11/16 VIAS 8 1/2 ACLY 1 5/8 DDIM 1 11/16 ZITL 1 1/4

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next