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Technology Stocks : Peritus Software Services (PTUS)

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To: Jeffrey S. Mitchell who wrote (1551)	7/31/1998 11:05:00 AM
From: Big Dog	Read Replies (3) of 1960

Found this interesting post on general Y2K thread (post by Christine): I had a suspicion that the success of last week's beta test of Y2K compliance on Wall Street was affecting all Y2K stocks. Ran it past one of my friends - a trader and broker who is an amazing source of Street sentiment. He says....I'm right on the money. At the moment, Wall Street is taking the success of the Securities Industry Association test as an indicator that Y2K is no big deal. This is interesting, since we are talking about brokerages who have been working - for years - on getting out their own Y2K bugs. Hey - I'm thrilled that they are having success. But this hardly means that America and the world has no problem. Last time I looked, a lot of people hadn't even started yet. This Wall Street 'success' (Yardeni says it is like passing a quiz and thinking that it means you will ace the SATs), coupled with the fact that no Y2K company is reporting 'blowout' earnings, is souring the Street on the entire sector. Could be that they are right. Could be a great buying opportunity.

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