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

To: SOROS who wrote (12611)	8/6/1998 12:16:00 AM
From: Josef Svejk	Read Replies (1) \| Respond to of 13949

Humble condolences, Soros, and no matter what happens in regards to money, sure hope your health gets better, 'cause health and love is where it's at, all else is quite secondary! Y2k is not just hype, but many y2k stocks are. I believe it has been time, for a while now, to stop looking at stocks as "y2k stocks", and instead to look at them simply as stocks. Claude Cormier Member 2202817 on Compuserve's Investor's forum, back in the days before SI, has taught me more about investing than anyone else I can think of. Some rules of investing that he has always stressed are: 1. If it seems too good to be true, it is. 2. Don't get greedy, always take profits on the way up. 3. Past performance is no guarantee of future success. 4. Never invest more than you're willing to lose. 5. More than 15% of one's portfolio in any stock is gambling, 7% is more prudent. There are other CC rules, but these five will never leave my mind, and because of them I ended up making money even on scams like Bre-X and IPMCF. That was in the days of gold fever, before gold stocks died just like y2k's are dying now. Sure we all lose, sometimes. I got hosed on CMND a while back like never before, 'cause I got greedy, invested more than 15% in it, didn't take profits, and convinced myself that future performance would be better than past. But, because of my hosing, I remembered Claude's rules again, which ended up saving my ass with the rest of my y2k portfolio, especially TAVA, in which at one time I foolishly had most of my money and profits. So, my friend, take time off, get well, party hardy, and then get back on the horse. The ride is not over, 'til you're dead! In the mean time, once in a while click on the link to Claude's profile, and read his writings. You'll be hard pressed to find a better source of investing wisdom. Claude plays precious metals stocks, which have seen much worse times than y2k, so his experience is truly from the school of hard knocks. All the best to you!!! Cheers, Svejk abitare.it

To: SOROS who wrote (12611)	8/6/1998 6:34:00 AM
From: Tech Master	Read Replies (1) \| Respond to of 13949

SOROS- I am sorry to see that you left the sector before its moments of glory and absurd profits. Y2K is very real and the facts have not changed. However, selling at a sector's bottom is a guaranteed way to lose money. The promise of Y2K did become tarnished by the hypesters and charlatans... no doubt about it. In fact, they damaged other "real" Y2K companies in the process. But the looming problems still exist and I believe that the time is rapidly approaching when the monster deals will come to Y2K. When you have to spend tens or hundreds of millions of dollars to fix a problem, companies and organizations wait as long as they possibly can. You will regret missing the "second coming of Y2K" which is probably going to begin very soon..... you heard it here first. Happy investing and best wishes for a speedy recovery, Tech Master

To: SOROS who wrote (12611)	8/6/1998 8:14:00 AM
From: Lucky Lady	Read Replies (2) \| Respond to of 13949

SOROS, the Y2K problem is real and HUGE...I don't know the companies you invested in...As I see it we can lay this problem at the feet of this administration. There has been silence and lack of needed leadership since 1992! Ever MR. Technology/Gore has not said a word. It reminds me of Nero fiddling while Rome burned! The public and small business is being blind sided. They are unaware of the seriousness of the problem. An SEC Commissioner testified in a Congressional hearing in June that 72% of American companies have done nothing. Once companies look at the problem they discover it is much bigger than they thought...especially if they have an embedded chip issue. Lawyers have muzzled them to their costomers and many have concluded the can't afford the repairs and remain competitive. In short your Y2K stocks are not rising because of ignorance due to lack of leadership. The problem is not going away. It is too late to fix it. The results will be devastating...many businesses will go under...I'm defensive with gold. IMHO LL

To: SOROS who wrote (12611)	8/6/1998 8:17:00 AM
From: regine	Read Replies (2) \| Respond to of 13949

SOROS GREAT! "tell it as it really is" the fat cats have already filled their pockets.. They know who they are..I am out of Y2k also, I feel relieved. good luck to you Soros.. regine

To: SOROS who wrote (12611)	8/6/1998 10:02:00 AM
From: JDN	Respond to of 13949

Dear SOROS: Sorry to learn that you have been ill. Hope it was short term in nature and that you are now hale and harty. Yes, the y2k sector has been heart wrenching for most of us and I can certainly understand your exiting. For myself though, seems to me the sector is now at the bottom. While it may never be the Moon Shot I originally hoped for I think from this level we ought to see substantial gains by year end. If not, I will sell my losers to offsett any gains I have (if I have any in this market) Good luck to you. JDN