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

To: Nanda who wrote (7775)	11/12/1997 3:33:00 PM
From: Gerald Underwood	Read Replies (1) \| Respond to of 13949

Nanda, Carnage as you term it is occuring in a lot of other places also, not just y2k stocks. Look at the Biotechs. I think if one places y2k in an objective light looking at the bigger picture, what we have is major market insecurity doing it's thing. During such times, it is generally the more speculative stocks with outgrown PE ratios that are first to take the hits. The y2k sector has really not been hit any harder than others with a similar risk factor. Y2k will grow profit rapidly once the payout phase begins. Unfortunately we are not in it yet. Contracts are still in beginning phases of appraisal or assessement and there has been no opportunity for critical mass to fulfill the true profit potential in this sector yet. As contracts progress to payout phases and prices escalate, only then will we be starting to get the big picture. In the mean time we will probably start seeing a lot of buying opportunities reflecting more reasonable PE levels. Who ever said speculation is easy? {:-). JMO. Regards, Gerry