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: ThirdEye who wrote (12533)	7/30/1998 8:36:00 PM
From: Christine Traut	Read Replies (1) \| Respond to of 13949

I had a suspicion that the success of last week's beta test of Y2K compliance on Wall Street was affecting all Y2K stocks. Ran it past one of my friends - a trader and broker who is an amazing source of Street sentiment. He says....I'm right on the money. At the moment, Wall Street is taking the success of the Securities Industry Association test as an indicator that Y2K is no big deal. This is interesting, since we are talking about brokerages who have been working - for years - on getting out their own Y2K bugs. Hey - I'm thrilled that they are having success. But this hardly means that America and the world has no problem. Last time I looked, a lot of people hadn't even started yet. This Wall Street 'success' (Yardeni says it is like passing a quiz and thinking that it means you will ace the SATs), coupled with the fact that no Y2K company is reporting 'blowout' earnings, is souring the Street on the entire sector. Could be that they are right. Could be a great buying opportunity.