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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: Red Dragon who wrote (12608)8/6/1998 1:47:00 AM
From: Jeffrey S. Mitchell  Read Replies (1) of 13949
 
Things are never as good or as bad as they seem. 20/20 hindsight obviously says anyone who didn't sell last summer and then leave the sector for dead made the wrong choice, for the most part. But who knew? Owning a Y2K stock was like minting money. Spirits were as high as ever. It seemed like holding was the obvious choice.

Conversely, it seems owning a Y2K stock now is like pissing your money away. Spirits are at an all time low. Selling seems like the obvious choice.

Problem is I can't in my right mind advise people to establish a position in Y2K now. Somehow I have this eery feeling history will repeat itself and I'll kick myself again, this time for not buying. So, yes, I've actually been a buyer lately, but nothing very big at all. If I lose, I lose big. I've been a champion of Y2K stocks (at least a few), so I guess I'll just go down with the ship with guns blazing (g).

- Jeff
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