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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: paul e thomas who wrote (8541)12/27/1997 12:10:00 PM
From: paul e thomas  Read Replies (1) of 13949
 
NANDA,1997 has been a good year for me. I started the year with a 17.8% return on the average amount of my own cash I have invested since 3/1/90 when I retired. During 1997 investing in y2k stocks has raised my 9 year return to an average of 23.6% during the past 12 months. MY return is now 40.5% the third highest this year. More importantly though the chart pattern for IMRS is signalling that IMRS is ripe to breakout to a new 52 week high.I look for short term price movement upward also in CHRZ,SYNT,AND CBR.I don't expect any big price movement in TPRO until it becomes marginable and the December earnings issue.There also has been more than usual favorable comments in IBD about Y2k. In todays paper they comment "AS the 20th century nears it's end Year 2000 firms are once again rallying.I believe 1998 will be the year that the Y2K stocks with a strong ongoing competitive position will be separated in the market from pretenders. Essentially all Y2K companies will benefit enormously from Y2K work in 1998 and 1999. I STRONGLY BELIEVE THAT ONLY THOSE WITH A STRONG COMPETITIVE POSITION AND TANGIBLE MARKET BEYOND THE YEAR 2000 WILL BE ACCORDED A SIGNIFICANT MARKET MULTIPLE BASED ON 1999 EARNINGS.For others the market multiple may be as low as 3-5 times 1999 expected earnings. If this happens many Y2K stocks will be selling for much less than they are now.In this latter arena I worry about VIAS,SEEC,PTUS,ALYD,DDIM,ZITL,TPII,FORECROSS,ACLY,MIFGY,and even SYNT ,which I just bought.
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