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Pastimes : Ask Mohan about the Market

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To: Joan Osland Graffius who wrote (11384)12/13/1997 4:37:00 PM
From: John Hunt  Read Replies (2) of 18056
 
Joan,

I agree on the layoffs. Not so sure about the y2k companies. I think the real payoff will be with companies replacing obsolete software with new compliant software, but I havn't figured out who will benefit most. I find it hard to understand private companies throwing millions into fixing 30-40 year old Cobol programs, when they could spend a little more and get a modern, real-time system. Government agencies are another story.

John

PS - GM just went back below its 150 day EMA and the TA looks good. What do you think about shorting it?

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