Y2K (Year 2000) Stocks: An Investment Discussion Message Board

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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: Nanda who wrote (11820)	6/3/1998 9:00:00 AM
From: paul e thomas	Read Replies (3) of 13949

NANDA, The market timing expert I follow(when I am using my brain not my ego)said last night the market is close to being sufficiently oversold to begin a rally. Gerald Appell will issue a formal buy signal tomorrow if the market closes with more advances than declines today on the NYSE.In my own studies the advance decline number has been one of the best indicators to overlay on an IMRS chart and trace price reversals and runs up and down. I believe the IMRS price fortunes will be driven more by the market over the next 6 months than by IMRS specific information. I strongly believe IMRS is undervalued . IT service companies as a group have dropped from the 6th best performing stock group to well down in the pack. I believe they will recover once the second quarter earnings show that the service companies have not been adversely impacted by the problems in Asia. I do not think IMRS will outperform this peer group until the revenue from non Y2K business has been reported as growing faster than the IMRS overall business. This will not likely happen in 1998.

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