2000 Date-Change Problem: Scam, Hype, Hoax, Fraud Message Board

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Technology Stocks : 2000 Date-Change Problem: Scam, Hype, Hoax, Fraud

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To: Bill Wexler who wrote ()	7/28/1998 2:24:00 AM
From: Bill Wexler	Read Replies (3) of 1361

The Y2K hoax continues to disappoint doomsday investors. After countless thousands of posts with dire predictions of massive Y2K problems and equally massive profits for Y2K consulting and remediation firms, it turns out that (as I correctly predicted) the whole Y2K issue was (and continues to be) overblown hype, and the most intelligent thing an investor could have done over the past year was to short just about any Y2K company. A quick check of my suggested Y2K short portfolio (ACLY, DDIM, IMRS, VIAS, ZITL) will confirm that all of these stocks have suffered massive declines - all except IMRS, which is up about 35% from my rec. date (5/31/97). IMRS, interestingly, abandoned its focus on Y2K some time ago. ZITL has proven itself to be a complete fraud, though Y2K cultists and crooked stock promoters shamelessly continue to hype this garbage stock. I was, am, and will continue to be 100% correct about the Y2K hoax.

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