Oh, JDN now come on now. Briefing.com does not have anything against the year 2000 sector. Their reporter was at the C.R. confrence in N.Y. They follow many stocks and sectors and are non biast.
Secondly isn't it funny that they point out some of the exact same things I have been saying here for a while ?
"Alydaar clearly does not trade based upon fundamental valuation. It is a speculative, emotion-driven stock. .... hmmm. where did I hear this before ?
"For traders looking to profit on volatility, this may be a good stock to study...... HELL, study ? I've been trading the shi* out of it
"But if you don't know how to read charts..... Tech KNOWS about them charts
"and if you aren't willing to be long one day, short the next
TECH is willing.....
" Now that options are available and the stock is shortable and more easily margined, volatility should increase with more liquidity."..... remember Tech likes those options
In all seriousness, I think that Briefing.com has fallen a little for the idea that Bremer can get his tools readily accepted, but I agree that what he has is of little value. <presently anyway>
There are some things that Briefing.com does not understand yet about the Year 2000 sector and how at any given time a company may win a 10, 20, 50 million line contract. They also don't seem to believe that there will be y2k work to do after the year 2000. I posted a news article on the CSGI thread that showed some Gov. agencies, at the rate they are going, won't be compliant until 2019!. Is some of what they say true.. ??? Yes it is, but they are not looking at the whole picture yet. Very few journalists and analysts understand how big this problem will be and how far reaching (into almost every industry and sector.
Combine the lack on knowledge with the failure of companies to implement y2k spending so far, the press gets the idea that there is a problem, but it must not be that bad. However, most of us who follow the game closely, know that most companies have finally started to budget for y2k in the last 3Q's of this year to start spending next year. Wait until some of these crazy numbers start getting out. Wait until companies start taking charges against their earnings to pay for y2k compliance. Wait until companies start to get down graded based on their year 2000 exposure, rather than their exposure to Asia.
As this ASIA thing continues on, it is becoming obvious that many companies will be hit with lower than expected revenues and that the general economy should slow down. Now put that together with the lack of preparation for y2k and you are going to see companies that are exposed to both issues get CRUSHED! The slowdown will cause less revenues and the y2k will cost a bunch to fix.
Every sector is effected. NO ONE IS SAFE.
Now does ALYD have wild valuations sometimes ? YES
Does anyone care NO
However, these valuations have to be met at one time or another, but that is why I would trade for now and go long after Q3 1998. We should have plenty of wild swings until then. |
