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Technology Stocks : IMRS racking up y2k contracts. -- Ignore unavailable to you. Want to Upgrade?

To: John Carson who wrote (2440)	4/28/1998 11:13:00 PM
From: SOROS	Respond to of 3162

Dear John, Excellent summation. I took a large part of my Zitel profit today and put it into IMRS again. I have been buying from 40 on down. MM's are almost ready. People better get em while they're cold. I remain, SOROS ps I look for 70 and split before year end based on fundamentals. If Y2K goes like expected, then perhaps another split as well.

To: John Carson who wrote (2440)	4/29/1998 12:28:00 AM
From: P. Ramamoorthy	Read Replies (1) \| Respond to of 3162

John - Market psychology changes. Accordingly, price action may seem irrational. There is always a reason that may not be obvious. In February and earlier, investors were true believers in y2k. Every time a contract was announced, the price responded (Re.: The title of this thread speaks for it!). At that time, some (including me) were worried about life after year 2000. Sanan's statement in Feb addressed that issue. Over the last few months, more people have accepted that y2k is a problem and invested in the opportunity (IBD articles on SYNT, etc.)namely, for the y2k earnings explosion. This new crowd is disappointed now. Hence a correction is likely to continue. I attempt to read the psychology and interpret the event. It may or may not be right, but it offers another view, FWIW. As Mad Monk would say, it's like reading tea leaves, without regard to fundamentals or technical data. Ram