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

To: paul e thomas who wrote (8711)	1/5/1998 4:03:00 AM
From: P. Ramamoorthy	Read Replies (1) \| Respond to of 13949

Paul - "Exceptional business oppportunity" is the truth. There are many paths (some as tortuous as the one Raymond James took) to get there. Traditional valuation tools and indicators may not apply to y2k stocks: sequential earnings growth, 3-5 year projections, PE or PS ratios, etc. Perhaps account receivable on completed contracts may help. But we do not know how the legal problems will affect the cash flow to y2k companies after the remediated code is put to use. Short term moving averages seem to be helpful in determining their price direction. There is bound to be an explosion (asymptotic rise!) between now and mid 1999. The fast-growing stocks might also split, in order to maintain investors' interest. Tool vendors and conversion houses will reap the greatest amount in these exceptional times. Analysts' predictions and financial magazines will be proved wrong. Key word is "exceptional business opportunity". Ram

To: paul e thomas who wrote (8711)	1/5/1998 7:13:00 AM
From: David C Mapes	Read Replies (2) \| Respond to of 13949

Paul, Comparison of YTK and other indexes: Date EST YTK NASD R2000 S&P500 Dow 12/22 Open 347.81 1524.7 420.03 946.78 7756.3 11:30 352.02 +3.21 1534.2 +9.47 422.73 +2.70 952.35 +5.57 7813.8 +57.5 Close 354.11 +5.30 1532.1 +7.32 422.88 +2.85 953.70 +6.92 7819.3 +63.0 12/23 11:30 355.60 +1.49 Nodata Nodata NoData Nodata Close 348.52 -5.59 1509.9 -22.15 422.03 -0.85 939.12 -14.58 7691.8 -127.5 12/24 11:00 348.53 +0.01 1509.9 +0.00 421.14 -0.89 940.08 +0.96 7711.2 +19.43 Close 346.74 -1.78 1499.5 -10.38 421.04 -0.99 932.70 -6.42 7660.1 -31.64 12/26 Close 348.20 +1.46 1511.4 +11.85 421.49 +0.45 936.46 +3.76 7679.3 +19.18 Week Changes +0.39 -13.4 +1.46 -10.32 -77.0 The previous week three of the indexes performed in unison (NASD, S&P500,Dow). They each lost approx 1.0% over the week. The Russell 2000 was the most stable of the indexes and missed the hit on 12/23. Both the Russell 2000 and YTK seem a little detached from the rest of the market at this time. Too small of a sample to make a determination. If 12/22 is excluded, only the Russell 2000 seems detached. Date EST YTK NASD R2000 S&P500 Dow 12/29 Open 348.20 1511.4 421.49 936.46 7679.3 11:15 357.66 +9.46 1527.1 +15.70 424.29 +2.80 948.52 +12.06 7770.7 +91.43 14:00 357.23 +9.03 1528.8 +17.44 425.25 +3.76 949.64 +13.18 7774.2 +94.92 Close 356.70 +8.50 1537.4 +26.07 426.67 +5.18 953.36 +16.90 7792.4 +113.10 12/30 02:50 368.36 +11.66 1558.8 +21.33 431.96 +5.29 964.65 +11.29 7873.6 +81.21 Close 369.63 +12.93 1565.0 +27.58 434.01 +7.34 970.83 +17.47 7916.0 +123.56 12/31 Close 378.56 +8.93 1570.4 +5.32 437.02 +3.01 970.43 -0.41 7908.2 -7.72 01/02 Close 372.61 -5.95 1581.5 +11.18 436.52 -0.50 975.00 +4.57 7965.0 +56.79 Week Changes +24.41 +70.1 +15.03 +38.54 +285.7 This past week the YTK index seems more detached than the previous week. Notice 12/29 when YTK was dropping, all other indicators were rising. On 12/31 YTK made a significant gain on a negative DOW. YTK made the largest percentage gain of any of the other indexes. Best Regards, Dave