Bill,
Do you know WHY your Y2k shorts are successful?
All the companies you've shorted are Y2k "magic-bullet" vendors. They are failing because, even though there was some initial euphoria for these stocks, the marketplace has discovered that there is no magic-bullet for Y2k. IMO, these companies and the low acceptance of their wares is proof-positive that Y2k is a serious concern. Because there is no quick, cheap, reliable, "trivial" solution, which is what they were offering the marketplace, they've languished. I noticed you didn't short companies like IBM, Keane, or Compuware, through whom some of the actual Y2k repairs are being conducted.
IMO, it is a mistake to equate magic-bullet failures with Y2k as a myth. In fact, if Y2k was as trivial as you say, their solutions would be sufficient to the task and they'd be showing strong revenues. No, the Y2k magic-bullet vendors can and will fail independently of Y2k's veracity.
Congrats on your shorts! However, keep in mind these guys just might get hyped one more time as we approach 1/1/00. |
