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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Skeptic who wrote (7738)	11/11/1997 4:19:00 PM
From: paul e thomas	Read Replies (1) \| Respond to of 13949

Aentio MAJOR IRONY TODAY Today when television is focusing attention on the y2k issue in a way I have not seen before over the last 18 months I have focused on the issue as an investment opportunity one of the best y2k solution providers was getting crushed in the market. Nearly 1.5mm shares of IMRS is being traded at prices just above 1/2 the 52 week high

To: Skeptic who wrote (7738)	11/11/1997 4:28:00 PM
From: michael tantleff	Respond to of 13949

thanks for the input. i guess i believe that if we economic dislocation it will happen after wholesale investor panic into y2k. michael

To: Skeptic who wrote (7738)	11/12/1997 11:53:00 AM
From: Skeptic	Read Replies (3) \| Respond to of 13949

The thesis of this thread seems to be that, as Y2K awareness grows, money will pour into Y2K stocks. I would argue that this greatly underestimates the investment acumen of the average dollar in the market. Sure, there are millions of small investors who have no idea how to value a stock that may be suckered in, but the vast majority of the money is controlled by astute investors. If they ever accept that the Y2K problem is real, they will quickly recognize that the short-term benefits to the remediation companies will be completely overwhelmed by the worldwide impact on the economy and financial markets. I suspect that the slide in Y2K stocks despite strong earnings growth and numerous contract announcements is evidence that the smart money has already caught on. When the speculators (many of the people on this thread) realize that the game is up, the bottom will fall out (a la Tulipmania).