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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: david sosiak who wrote (13743)2/18/1999 1:00:00 PM
From: Tumbleweed  Read Replies (1) of 13949
 
Hi Dave,

well, I held TAVA once (even made a small amount of money on it).

I agree with most of what you say except for one fundamental point, re the 'unlimited upside potential' of the Y2K sector. I disagree for the following 2 reasons.
1) Whilst the market might be huge, the companies themselves are limited in what they can earn due to limited time and limited resources (eg people, either hands on remediation, and/or sales people. They cant earn what they can't sell).

2)I think there will be public perception that there is not enough time for these companies to earn the money, ie Y2K work ends on 31/12/99. I know thats not the truth, but if enough people will believe it to be so, that will keep the price down.

I'm continuing to hold Sapiens, might look at TAVA if it dips below 6 as a short term thing.

Comments?

BTW, enough Y2K companies also hyped their own products without needing assistance from others. Whatever happened to Beemers 'silver coated bullet' to name but one of many?

Joe
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