Andrew-
>> The whole sector is starting to look like one big scam to me. <<
I was surprised by your post this evening about ALYD and the Y2K sector as a whole.
As somebody who is intimately familiar with the software industry, I can assure you AV that the Year 2000 problem is no scam. Although earnings are still elusive for Y2K companies like ALYD, those earnings will be coming in by the truckload over the next few quarters. It is human nature to procrastinate, and the same holds true for corporations and organizations looking at spending unprecedented amounts of money on a software project.
In my humble opinion, ALYD implements the finest toolset/service in the Year 2000 industry. As projects begin to fail, the flight to industry leading companies like ALYD will be incredible. You may not understand the complexity of mass code change, but it is far from being a trivial or rudimentary task. Historically, 65 to 85% of all large scale software projects fail in some fashion (completely, late, over budget, etc.) I expect we will see similar problems in the Year 2000 sector.
I share your frustration at the recent errosion of ALYD's share price. However, I am continuing to add a significant number of shares at these lower levels. This approach will bring me either financial ruin or great rewards..... I believe it will be the latter. If I'm wrong, McDonalds is always hiring.... If I'm right, the cocktails are on me.... on my new island!
Only time will tell.....
Tech Master
|
