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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: Nanda who wrote (11974)6/19/1998 6:20:00 PM
From: paul e thomas  Read Replies (2) of 13949
 
NANDA,I just returned from week away from civilization spent with 2 grandchildren in Intergenerational elderhosltel in Pa. In interval I reflected on my holdings and Y2K news i knew about from previous week. I have become quite concerned that Senate hearings and subsequent TV has raised consciousness of recession induced by Y2K. I have again resumed plan to put gains I realize from IMRS turnaround in a safe mutual fund which actually gained significantly in recent weeks when market was hurt by Asian worries.My IMRS holdings have rebounded nicely of late. I sold some shares on the way down to cushion against margin calls . I now hold 11,300 shares IMRS and 300 IMRS July to November calls. Another milestone wasched this week as I am now cumatively in the black by 15% on my margin position. I do not currently plan to buy additional IMRS calls because of concerns about the overall market more than IMRS. I will even be taking money off the table in my margin account if the stock continues to recover.
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