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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: Venkatesh Nakkala who wrote (12051)6/24/1998 7:11:00 PM
From: paul e thomas  Read Replies (2) of 13949
 
I watched a parade of Congressmen telling the world on CSPAN about the serious of the Y2K threat and the compelling need to ensure sufficient funding.The IMRS chart broke above a trading channel that had been forming.A number of other quality Y2K stocks also had a very strong day.The net value of my highly leveraged Y2K holdings was up 25% today and is double that of May 15.I sold total of 40 IMRS call contracts including July 22 1/2 calls for 250% gain in 3 weeks.It will be very interesting to see if todays price strength reattracts price momentum players that drove selected Y2K service company prices to 52 week highs in April.
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