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

To: paul e thomas who wrote (12483)	7/26/1998 11:11:00 AM
From: Jeffrey S. Mitchell	Respond to of 13949

Does anyone have a rebuttal to my post? Paul, if investing in the market were more like sports betting, I'd have no qualms with your conclusions. Problem is, you are largely betting on human psychology, which is largely inconsistent and unpredictable. -- Perhaps the same people that ran it up from 20 are shorting it back down to start the cycle over again? -- Perhaps the perception is body shops got Y2K work early, are "full", and thus earnings won't be as explosive for a long time to come. -- Perhaps IMRS rises and falls in relation to CBSL, and never really ever trades on its own merits. Check out this chart: techstocks.com BTW, I call this my "swimming dolphins" theory. Institutions trade sectors, not stocks. They often trade the entire sector based on the performance of the pack leader. Try this comparison with other similar stocks and you'll be amazed at their charts. -- Perhaps tomorrow IMRS will suddenly turn around and head straight up if an analyst gives it a strong buy. The funny thing about this business is "perception". If IMRS announces news and a large institution decides to bail because they need to reallocate the cash and the stock declines, there will undoubtedly be those among us here on SI saying "the market wasn't impressed". This may incite another selloff. On the other hand, had that institution picked that day to buy, the stock may have had a mini run. Two vastly different scenarios precipitated by the actions of a single entity. Happens all the time. That's why stock brokers have a bottle of Pepto in their drawers at all times (g). - Jeff

To: paul e thomas who wrote (12483)	7/26/1998 5:39:00 PM
From: P. Ramamoorthy	Respond to of 13949

Paul - With analysts' positive attitude and impressive financial performance, IMRS should have gone up. The sell/buy volumes were even at 1000 shares on that day. Although some discount y2k stocks for not having plans beyond year 2000, others complain of not enough y2k work. It is difficult to pin down a logical explanation. I bet many individual investors (mostly short term) sold due to the fear of CC outcome. These people want to lock in their profits. If institutions did not like the IMRS plan for "beyond year 2000" or the acquisition, we would have witnessed much larger sell off, not 1-2 points. Ram