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

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

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To: Sid Turtlman who wrote (249)	10/7/1997 5:21:00 PM
From: Jeffrey S. Mitchell	of 1361

Sid, I look at Y2K stocks from two perspectives: 1) The Y2K problem is perceived as very large and very costly, and 2) Stocks tend to go up when large buying kicks in. For example, it is not uncommon for a single Fortune 500 company to have hundreds of millions of lines of code. At twenty cents to a dollar a line, you can see that tapping into such companies can be like tapping into an oil well. I don't think we'll really know for sure just what percent they decide to "fix" until after 2000. The result of such uncertainty leads to point 2: rampant speculation. If I do my DD correctly, I should have cheap shares in my possession for when the masses hit -- as I told Jumper I expect they will. Therefore, as regards Y2K stocks, I'm really unconcerned in the reality post-2000, just the perception pre-2000. OK, OK, let's just be cynical... as Bill points out, the media loves a good gloom and doom story-- and the Y2K problem fits that bill to a "t" (btw, ever wonder where that expression came from?). When the barrage hits, I hope to be swimming in cheap shares! Buy low-sell high; capitalism at its best. - Jeff

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