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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 (11252)	4/28/1998 4:08:00 AM
From: paul e thomas	Read Replies (2) \| Respond to of 13949

ADDENDUM I just checked and found despite selling 13% of my portfolio that continued to fall my portfolio dropped 16.6% in 5 trading days. This resulted in a 32.9% drop in the net value.REAL UGLY !!!.Now that constitutes a correction.At yesterdays closing price and my estimate 1998 earnings each quarter will be .02$ above Analyst projections as was the case in the results for the first quarter IMRS has a forward PE of 46 which gives it a PEG of 1.06 which is very low for a company with the historical financial performance and strong buy recommendations of all analyts following the stock.

To: paul e thomas who wrote (11252)	4/28/1998 6:42:00 AM
From: Mr Logic	Respond to of 13949

Paul, It is refreshing to hear a little sanity when it comes to money management and a recognition that stocks don't necessarily go up forever. For what it's worth I would look to diversify and/or hedge if you have most of your personally managed investment in Y2K. By that I mean look at being long/short in other sectors as appropriate, or short sell Y2K stocks you don't like. I find a combination of long and short most attractive as, with the right choices, you can make money on both sides even if 'the market' doesn't move, and you are automatically hedged to an extent if the balance is right. For example, DELL is a fine company and I don't generally invest in hardware manufacturers, but I shorted DELL yesterday (as well as making other trades) as a 'bellweather' short against a market turn down. I also took some long profits.