Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Y2k Why the stock-market will collapse within days/week -- Ignore unavailable to you. Want to Upgrade?

To: CatLady who wrote (45)	5/19/1998 1:06:00 PM
From: Paul van Wijk	Read Replies (1) \| Respond to of 185

Catlady, Thanks for responding. I will give you a more detailed reply later. Have to go out to eat. But I have to admit that the smart-money so far is hardly moving so far. I spoke on the phone today with the guy from ING-BARINGS who wrote the report. I told him I had a lot of my info from the USA. He only knew Yardeni. But again you made a good point. I will come back on the time-frame. I'm very curious about what Al G. has to say. Are you aware of the rumor to decrease margin on stocks. It was on reuters but an unconfirmed rumor after he visited Clinton, for the first time in a year. His visit was not about interest-rates, why go to the President to discuss it, while Asia is not important enough to contact Clinton. Thanks, Paul

To: CatLady who wrote (45)	5/20/1998 9:56:00 AM
From: Paul van Wijk	Respond to of 185

About SMART MONEY CatLady, I promised you to discuss the movement of smart money. I have to admit that you are right and I was wrong. I spoke on the phone with Peter Menco from ING BARINGS yesterday. I asked him about his worst case scenario. I will not go into detail but he used the words "I am a catholic". The Y2k-impact is to big to imagine. He knows, I know. And a lot of other Americans who choose to leave the cities and hide in the mountains. But why am I wrong; It was my thesis that a lot of analists, brokers etc. where aware of the impact of Y2k, but only waiting for the right moment to start unloading. But that is not the case. I also sended a few of my analysis on Y2k to an internet-broker in Holland. They called me back the same day to ask if they could use the information. They knew nothing about Y2k. So if we project this on the rest of the world the most financial institutions have no idea about Y2k. Maybe you remember my initial posting. The markets are at it's alltime high so Y2k is not a problem. Because Y2k is not a problem market can be at an alltime high. I will not try to convince you of the seriousness about Y2k. I will give pieces of the puzzle in other posts with links of press-releases. And know back to the smart money. I state that your government is aware of Y2k. www2.computerworld.com Another example, since the ING-Barings report you can trade oct 98 putoption-series in Holland that are more than 60% out of the money. (current 1190) goldenflorin.com Last week they weren't there. 800 was the bottom I believe. So, the smart money is moving, but their hardly is any smart money so far. And that is not good news. I will later discuss the options on how and when the market will collapse. Thanks for playing the devil's lawyer. Paul