SI
SI
discoversearch

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 : Y2K (Year 2000) Stocks: An Investment Discussion
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Skeptic who wrote (7738)11/12/1997 11:53:00 AM
From: Skeptic  Read Replies (3) of 13949
 
The thesis of this thread seems to be that, as Y2K awareness grows, money will pour into Y2K stocks. I would argue that this greatly underestimates the investment acumen of the average dollar in the market.

Sure, there are millions of small investors who have no idea how to value a stock that may be suckered in, but the vast majority of the money is controlled by astute investors. If they ever accept that the Y2K problem is real, they will quickly recognize that the short-term benefits to the remediation companies will be completely overwhelmed by the worldwide impact on the economy and financial markets.

I suspect that the slide in Y2K stocks despite strong earnings growth and numerous contract announcements is evidence that the smart money has already caught on. When the speculators (many of the people on this thread) realize that the game is up, the bottom will fall out (a la Tulipmania).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News