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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: michael tantleff who wrote (9624)2/24/1998 10:09:00 AM
From: paul e thomas  Read Replies (1) of 13949
 
Y2K Performance
Over the past 4 weeks my portfolio of largely service companies is up 40%. This compares to 15% for the Fidelity Computer and Software sector funds.Even the Asian Funds are up much less. I agree the Y2K service providers are due for a short term pull back.I still have some reservations about buying tool providers now as I believe nothing positive will happen to their prices until strong earnings growth is reported by several leading players.Perhaps a leading indicator may be ACLY which is due to report in the next few weeks.The market has been burned before betting on the come with the tool companies. Personaly I if I were still a trader I would sell Service companies now and hold the cash for a while.
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