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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: John Sikora who wrote (8274)12/9/1997 11:32:00 AM
From: paul e thomas  Read Replies (2) of 13949
 
IMPORTANT Y2K CHART INSIGHTS

In looking at the chart patterns of the 46 Y2K stocks I track with my TC2000 software I found something that interested me very much. Specifically when I set the time horizon from October 1 to the present and overlay the charts with that of CHRZ,or KEA,IMRS or VIAS that all 4 charts superimpose over that period.I interpret that to me that in the last 10 weeks the Mutual Funds and other institutional investors are looking at the widely institutional owned y2k stocks are mostly driven by y2k results as stocks they think about in the context of balancing an investment in Y2k versus other sectors.The other charts I found very interesting are the small cap versus large cap and growth versus value mutual fund charts found in IBD. Both of these charts show an inflection pint is in the making. In other words The market appears to be ready to rotate into small cap growth stocks.Based on yesterdays closing priceS AND FIRST CALL 97 AND 98 earnings forecasts the 1998 PEG RATIOS for these stocks are as follows: IMRS .915;CHRZ .945;KEA 1.086;VIAS 1.245.These ratios certainly can support at least a 25% increase in price above yesterdays closing prices.Intraday charts today all stocks have broken above the trading range for the last month.The IMRS chart over the next few days is particularly important as yesterday it closed at the upper boundary of the long term ckannel that has been trending down since late Spring. IF it breaks out of the channel I expect a major move up.
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