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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: John Mansfield who wrote (1833)	5/15/1998 4:42:00 PM
From: Paul van Wijk	Read Replies (1) \| Respond to of 9818

John, Because I STRONGLY believe we are in the RED ALERT phase last week I bought puts on the AEX july 1998. Strike-price 960, current level 1170. I'm very conservative and try avoid downside-risk as much as possible. But 10% of money is at this moment in far out of the money puts. I'm monitoring the news about Y2k in the mainstream press on a daily basis. The number of press-releases, the estimated costs, the hearings in the Congres, they are all increasing rapidly. This weekend G8 with Y2k high on the agenda. No way the bourses will hold much longer. Please read on of my earlier postings about the 0-10%, 10-90% theory. BTW I'm posting about Y2k on a dutch stock-thread. Week 1; Laughter by almost every thread-member Week 2; People begged me to stop posting about Y2k. Week 3; Silence Week 4; 1 person started taking me serious Week 5; I posted my analysis why I think Y2k will cause a drop of 30% of the dutch stock-market (conservative estimate). My biggest criticaster replied that from now on he was convinced Week 6; More than 50% of the postings is about Y2k Everyone is taking me serious now. I can post the biggest horror stories. No laughter, not one. Maybe this helps understanding the 0-10 10-90 rule. Paul