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

To: regine who wrote (12621)	8/6/1998 9:54:00 AM
From: sibe	Respond to of 13949

I'm very slightly ahead so far on my one Y2k investment, Alydaar. At one time I had a lot of shares of Alydaar and was even buying on margin. Then I sold almost all of it when I was skeptical that the Q1 numbers would not meet estimates. I bought back again after it dropped. I even bought some options calls for Feb. 99. I think Jan 99 will see more Y2k attention and problems because 99 has already been used in many programs for functions other than year, and because programs projecting one year into 2000 will also start to cancel or produce incorrect figures. My recent investments in precious metals have gone down. However, when the Dow dropped 299 points on Tuesday, the precious metals fund actually went up slightly. So for bears, gold and precious metals may be a contrarian investment. I am holding on to my precious metals funds because I think that when the Y2k panic hits WORLDWIDE, gold may be a good place to put one's money. I realize that the US may be ready for the most part, but what about the rest of the world? When the holders of all the billions in offshore secret accounts in the Caribbeans start to wonder whether their money in the Caymans and elsewhere is safe from Y2k, I think they'll start withdrawing it and they may put it in precious metals since they don't want a paper trail leading to the IRS.

To: regine who wrote (12621)	8/6/1998 11:45:00 AM
From: paul e thomas	Respond to of 13949

Based on the price slide in Y2K stocks it is obvious many other individual investors have jumped ship besides Regine and Soros. The key thing howver is to watch what the large institutional owners do. I noted in the last Morningstar report The Lord Abbett Developing Growth fund sold 500,000 shares of IMRS.They were an early supporter. On the other hand the PBHG growth fund bought an additional 600,000 shares. The PBHG growth fund is a momentum fund but only on the basis of Corporate performance not stock price vacilations.