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I don't know if they have sold any of the Y2K product yet, but I think they have some reasonably high hopes for it. I think a lot of companies are tackling the "what should we do" side of the Y2K problem now, and not actually doing anything yet. That should change soon, as a lot of companies will realize that if they don't get crackin', they will get hammered in a couple of years. As for the conference, I think they tend to get a little pump out of it. It looks to me like they tend to start to rise in the June/July time frame, right on through the second quarter earnings announcement, so I expect it will start to move within the next couple of weeks. It roared back off of its bottom yesterday. Its kinda funny, but they seem to need a spike bottom each time it downdrafts, to clear out the remaining disbelievers. I mentioned to my broker earlier this week that it probably would need a spike down before it turns around, and sure enough it spiked down yesterday, then recovered nicely. If the past is any indication of the mentality that seems to follow this stock, then that should have been the bottom for now. Anyway, that is my current take on it. Later. |
