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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 (11200)	4/24/1998 10:30:00 PM
From: Risky Business	Read Replies (2) \| Respond to of 13949

"There is little or no difference in operating margins between Y2K and other IMRS business" mmmmmm.....

To: paul e thomas who wrote (11200)	4/25/1998 8:31:00 AM
From: paul e thomas	Read Replies (1) \| Respond to of 13949

EXPLANATION FOR IMRS COLLAPSE In studying the TC2000 market internals data this morning I believe I have found the explanation for the IMRS price drop that baffled me yesterday. One of the charts plots the % of the stocks in the 7000 stock data base which are 2 standard deviations above the 40 day moving average. They also plot the 200 day moving average.During the last 2 days this value for the 40 day moving average 2 sigma variance fell by more than half .In other words over half of all stocks which were rising recently much faster than the average of the last 8 weeks dropped significantly.Therefore Y2K stocks whose price is up sharply since Febuary 24 may be subject to short term profit taking.In the daily advice and market commentary column Worden singled out SYNT. HE also said that when overbought stocks stocks start to collapse nearly everything gets hit.There is a good chance these stocks that have been hit hard will rebound in the latter part of next week.The 5% value is rapidly approaching the low of 3% for this measure set last October.I will be trying to free up cash Monday to catch hopefully a bottom in this correction among high flyers.