Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Mama Bear who wrote (11601)	7/16/1998 4:15:00 PM
From: Roger A. Babb	Read Replies (1) of 18691

Barb, many years ago when the NASDAQ computer system was set up, no one imagined that it would still be in operation when the NADAQ reached 2000 (y2k). Many of the software programs were limited to a 1 or 0 (binary) in the first digit to save memory, and many of them will interpret the 2 as a 0. Since the Nasdaq closed at 2000 today, some of the computer trading programs will think it has fallen to zero and thus trigger their buying programs on Friday. The buy programs are mostly configured to buy YHOO, AMZN, DELL, and MSFT. Thus these stocks may go over $1000 per share tomorrow, maybe even to $2000. Ooops, any stock reaching $2000 (y2k) will be reset to zero wiping out all investors. Be careful out there! ZITL and TAVA will be working night and day until these bugs are fixed.

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