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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: Rick Voteau who wrote (10698)4/4/1998 12:00:00 PM
From: Jeffrey S. Mitchell  Read Replies (3) of 13949
 
...will pigs fly?

Here's some Monday Morning Quarterbacking...

It seems investors fall into two types: institutions and everyone else. The institutions look at SEC filings, analyst reports, contract numbers, etc. When they don't like what they see, they bail. A couple of years ago when these institutions first invested in Y2K stocks, growth was assured. The only question was for how long. Those companies unlucky enough not to continue growth have been slapped silly.

Meanwhile, the "rest of us" keep jumping around looking for the next hot buy. We know it's a big problem and moonshots are possible, so we look to get in at the apparent bottom. That's why penny stocks like TPII, VXTK, AGCR and TSIM have turned white hot. Are these flying pigs? Considering they all have virtually no revenues, I think so.

I think the only problem here is that although we all knew pigs would fly, we never thought that elephants would sink. (gg)

- Jeff
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