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: Red Dragon who wrote (12608)	8/5/1998 10:32:00 PM
From: Kevin Michael	Read Replies (1) \| Respond to of 13949

agree and disagree. Y2k stocks will come back in my opinion! Look at the internet stocks how hot they got. Constant publicity and (like you said) momentum made investors dig for companies that were generating heavy revenues from internet operations. Investors were buying regardless of their financials, thus the runup of the whole internet sector. But do you think mutual funds and institutional investors were the ones throwing their client's money into that sector? Stocks do need momentum and publicity and the closer we get to the year 2000 the more free publicity y2k stocks will be getting. The good Y2k companies will survive long after the year 2000 and investors will love them as the year 2000 approaches. Everybody will be talking about the year 2000 and even CNBC will be covering these stocks (covering Oracle's Y2k product). Remember Y2k stocks were high fliers before, what is going to keep them from one more bull run? I am glad you asked this question and hope to hear everybody's opinion. Hope I am not living in a dreamworld. KM

To: Red Dragon who wrote (12608)	8/6/1998 1:47:00 AM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 13949

Things are never as good or as bad as they seem. 20/20 hindsight obviously says anyone who didn't sell last summer and then leave the sector for dead made the wrong choice, for the most part. But who knew? Owning a Y2K stock was like minting money. Spirits were as high as ever. It seemed like holding was the obvious choice. Conversely, it seems owning a Y2K stock now is like pissing your money away. Spirits are at an all time low. Selling seems like the obvious choice. Problem is I can't in my right mind advise people to establish a position in Y2K now. Somehow I have this eery feeling history will repeat itself and I'll kick myself again, this time for not buying. So, yes, I've actually been a buyer lately, but nothing very big at all. If I lose, I lose big. I've been a champion of Y2K stocks (at least a few), so I guess I'll just go down with the ship with guns blazing (g). - Jeff