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

To: P. Ramamoorthy who wrote (11371)	5/4/1998 2:36:00 PM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 13949

Re: Market Frenzy and Y2K For those who haven't heard, a new treatment for cancer made the front pages of major newspapers and led the evening newscasts over the weekend. The rights to the research are owned by ENMD, a company whose stock closed at 12 on Friday and opened at 85 this morning. It now seems to have steadied at 58. Imagine what happens to Y2K stocks when a Y2K related incident makes headlines sometime between now and 2000. People don't research everything they read/hear; often they just react. I'll bet many were thinking short-term, i.e. get in early, ride it up, then get out. For now, those who got in at the open on ENMD are looking at a 30% loss. The only sure winners were those who believed in ENMD prior to today. The only sure winners in Y2K when it gets hot again -- and it will -- will be those who are now invested in top-tier Y2K stocks. Count on it! - Jeff P.S. Happy Labour Day to everyone in the UK and Zambia. Happy National People's day to everyone in Japan.