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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?


To: Pink Minion who wrote (2238)8/31/1998 3:04:00 PM
From: Bill Wexler  Read Replies (4) | Respond to of 4634
 
Incorrect. The y2K fiasco is a complete hoax. the so-called "millenium bug' has been a problem since the dawn of computing. there is absolutely nothing magical about 12/31/99. there will be no "cascading failure scenarios" (consider that nearly all complex hardware/software systems are rife with bugs and real-world limitations such as memory limits, etc. Yet the world has not come to an end). When all is said and done, the money to repair the y2k problem will not even sow up as a pimple when compared against the background of general IT/IS spftware maintenance budgets.

This is EXACTLY why the "pure" Y2K plays are now nearly worthless.



To: Pink Minion who wrote (2238)8/31/1998 3:43:00 PM
From: Josef Svejk  Respond to of 4634
 
Humbly report, Beavis, regarding y2k:

yardeni.com

No doubt about it, Bill's been dead on right about the slaughter of y2k stocks, but as much as he made on them going short, first some of us made an equal amount or more (splits) on the way up.

Timing is everything.

Cheers,

Svejk
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