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Technology Stocks : Stock Swap

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To: Andrew Vance who wrote (13802)5/13/1998 10:57:00 AM
From: Jeffrey S. Mitchell  Read Replies (1) of 17305
 
Maybe there is a "silver bullet" out there that will be the ruin of all the YR2K companies.

I hope that line was a joke because it's exactly that type of thinking along with "don't worry, we've got some people looking at the problem" that is causing noted economist Ed Yardeni to predict a 60% chance of a recession based on Y2K. Yes, all the Y2K stocks have been getting trounced lately.

As for ALYD, looking at the chart I see three separated times at about two month intervals where it "glubs" down to the 14 level and "zooms" to 18 in a blink of an eye. Will history repeat itself or is it curtains for Y2K stocks until it's curtains for some high-profile businesses and America finally wakes up? Heck if I know (gg).

- Jeff
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