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Technology Stocks : Y2K (Year 2000) Personal Contingency Planning -- Ignore unavailable to you. Want to Upgrade?


To: C.K. Houston who wrote (158)4/21/1998 12:53:00 AM
From: Cheeky Kid  Respond to of 888
 
C.K.

detnews.com



To: C.K. Houston who wrote (158)4/21/1998 6:22:00 AM
From: paul e thomas  Read Replies (1) | Respond to of 888
 
CHERYL, For months I have been very carefully tracking media coverage as picked up by GaryNorth and DeJaeger daily reports. I am particularly following overseas reports as I believe the market crash will come when the market senses there is reality to a possible shut down of world wide financial markets. I will be begin taking serious Y2K money off the table beginning in December as the first of my 365 day holding periods begin on IMRS.



To: C.K. Houston who wrote (158)4/21/1998 1:38:00 PM
From: Allen Sampson  Read Replies (1) | Respond to of 888
 
Cheryl,

While no one likes the idea of paying enormous capital gains taxes, I'm sure you've considered the alternative.

Regards

Allen



To: C.K. Houston who wrote (158)4/21/1998 2:16:00 PM
From: Christine Traut  Respond to of 888
 
Cheryl:

As usual, you are ahead of the game. Waiting until the summer of 1999 strikes me as overly optimistic. I agree that the 'perception of failure' can set off a run on banks, dumping of specific stocks....etc.

I think that there will be market segments affected by Y2K before any general correction. Last week's article on Merrill Lynch's plans to cut off business with partners who fail their tests this summer....

news.com

begins to define the stakes. You will start to see a 'corporate quarentine' phenomenon because 'dirty' transactions coming in from someone else's systems can cause a crash in yours.

In addition, the US banking regulators are having all banks evaluate their loan portfolios for Y2K risks. If companies start getting their loans called - that should get the stockholder's attention.

Finally, we are probably all underestimating the power of the Net here. While we all know to check any information we see here - the power of concerned (and knowledgeable) individuals in the on-line world will definitely keep information in the public domain.

For instance, how many of us are checking our on-line brokers to evaluate their Y2K readiness?