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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Michael who wrote (12610)	8/5/1998 11:04:00 PM
From: SOROS	Read Replies (6) \| Respond to of 13949

FAREWELL! I have been ill recently. The TOTAL carnage of my Y2K portfolio has burdened me. I have come to the conclusion that even if the problem exists (note I said EVEN IF), no one REALLY cares. I believed the story. I invested. I lost. I think that PD is a fat, money-grabbing, Y2K speaker for profit. I think that most companies that entered into this arena did so to SELL STOCK. Some are legit, but they have distanced themselves from Y2K. Gartner says 600 billion, then recants. You have newsletter scum hyping trash and Y2K. Why is the trash still trash, but Y2K is not? Zitel, for crying out loud, has even dumped their entire real business (what there was of it) and only hypes Y2K now. Why? You have companies selling dog food that get into Y2K. Why? You have children and former computer geeks all over the world claiming a "fix" for Y2K. Why? You have websites for former gold hoarders and "nuts" yelling Y2K and writing books. Why? I am a brain-washed Y2K convert who has been rescued against my will. Say what you will. I no longer believe. I hold some IMRS still, but not for Y2K. I have liquidated ALL Y2K stocks at loss. Even the "fraud" money made on the Zitel hype run a couple of years back has been taken away. If I am wrong, then I sold at a great loss. "It's only a loss if you sell" is pure crap if it ain't never going back up. I think the jig is up, and the hype junkies, the fat speakers, the scum newsletters, etc. have made a killing. No one is paying big dollars for conversion. No one is making hundreds of millions, much less, billions on this "problem". I gamble on the pennies for fun and the occasional "hit", but I entered Y2K not as a gamble. I have been blinded by the Y2K "light", and now my Y2K portfolio is "wrapped up like a . . .", well, you know. So long Y2K lovers. It has been fun but painfully UNprofitable. Should have sold at my mental stops, but the Y2K hype was simply too strong. Got hit in the face by a very learned programmer and world traveler who said -- "$150,000 ain't $300,000 and it sure ain't $750,000, but it beats the bejeebers out of $25,000, and if you hold on, that's where you'll be." Time will tell, but I'm going to have a $100,000 party with plenty of mind-stimulants to forget this Y2K crapola. Adios. I remain, SOROS