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Technology Stocks : Information Architects (IARC): E-Commerce & EIP
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To: Larry Brew who wrote (8102)10/8/1998 10:54:00 AM
From: Jeffrey S. Mitchell  Read Replies (3) of 10786
 
Y2K stocks are getting killed again. IMRS, KEA, and TAVA down big as well. The tough thing to do here in a public forum is to try to distinguish the difference between your faith in a company and your faith in that company's stock. Clearly the numbers for the entire sector prove Joseph Svejk's point that the Y2K sector is dead.

It's very easy to get carried away and start pointing fingers. "It must be management", "I shouldn't have listened to so and so", "TEDennis must have bought", etc. Strange that when we make a killing on a stock we are geniuses yet when we lose money it's always someone else's fault.

For me it all boils down to whether I believe certain Y2K stocks will ever get hot again. I think so. But if one does not think that to be true, then any money put on any Y2K stock is gambling, not investing.

The age old adage is to buy when people are selling and sell when people are buying. The problem is that sometimes you buy before the selling stops. The problem is that no one knows for sure the right time to buy and everyone is entitled to their opinion. Six months from know we'll know who was "right", who was "wrong", or perhaps, hopefully, who was right but simply premature.

OK, now that I've said that, it's time to put my fist through a wall. (g)

- Jeff
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