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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: paul e thomas who wrote (7992)11/22/1997 8:11:00 PM
From: paul e thomas  Read Replies (1) of 13949
 
y2K CHART PATTERNS

There appears to be a significant divergence emerging among the chart patterns of the Y2K stocks. On the one hand service providers like IMRS are showing a strong rebound from the post October 27 mini-crash. On the other hand tool providers like SEEC and DDIM and factory solution firms like PTUS and ALYD have either weakened appreciably or are in a sideways trading pattern. Anyone holding tool providers should do some detailled checking to see if mutual fund ownership is declining. There is little reason to believe that a broad based interest in y2k stocks is about to unfold before the December earnings are out.I believe that as the market interest in small cap growth stocks is pumped up by the factors that drive the January effect some Y2K stocks will get a significant boost upward. Like the rest of the market there will at the same time be a flight to quality which will favor Y2K stocks with a proven history of revenue growth and sound prospects for post year 2000 business.
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