Some of you may know about a thread called "2000 Date-Change Problem: Scam, Hype, Hoax, Fraud": 207.183.153.23. The originator of the thread put a stake in the ground on 5/31 and there has been some debate over there about how well he's done. Well, for fun, I decided to add a few stocks to his list for a broader comparison:
IMRS 24-->46 = 92%
ACLY 17-->26 = 53%
ALYD 11-->16 = 45%
CHRZ 39-->49 = 20%
SEEC 18-->19 = .05%
IAIC 21-->19 = -9%
VIAS 52-->32 = -38%
DDIM 30-->17 = -43%
ZITL 24-->13 = -46%
CSGI 14-->5 = -64%
Of course, if Bill had chosen a different date, the results above might be quite different. Nevertheless, the stocks ahead of ALYD on the list are trading near their 52 week highs and ALYD is not even close. The problem is that at any given point in time there seems to be at least one Y2K stock that is going to be a moonshot, but then it peters out. PTUS and SPNSF are the most recent casualties.
Like I keep saying, if you want to guess which will be the next hot Y2K stock, good luck; there's fortunes to be made in this sector. However, if you just want to buy and hold one stock until the peak of Y2K mania, then I can't think of a better stock than ALYD.
If there is one problem with ALYD, it is that they do not have a big institution behind them to give them a "strong buy" rating. That's because they never had an IPO, a secondary, or a big private placement to pump them up (and then dump their shares). I don't know how active they are in securing such an entity, but I do know that analysts are taking an interest in them for the first time-- because I've gotten a call from one. So, yes, things are progressing, but, yes, not as fast as we all would like. Regardless, ALYD is still getting rave reviews from existing clients and signing new ones, so they must be doing something right.
- Jeff |
