To: ayahuasca who wrote (12848 ) 9/10/1998 9:36:00 AM From: Hoatzin Read Replies (1) | Respond to
I'm going to print that one out and keep it in my Y2K folder, it might be interesting reading in a year or so. It is certainly amusing to see the headline "The End of Y2K Investing" even as many "Y2K's" are making nice base formations on the charts. "BMR threatens to change the business model of the entire Y2K industry. Although it only works on IBM COBOL systems, that is the largest segment of the Y2K market. Because it is so easy to install and test, and remove if it doesn't work, any large company is likely to at least try BMR on some portion of their system. If it works, and the code becomes Y2K compliant in less than a month, BMR is likely to squeeze out every other vendor." Made me laugh then, makes me laugh now.)"Y2K investing was dominated by emotional reactions throughout most of 1997, which drove them to incredible expectations. But as the expectations were not realized, and the timeline drew nearer, investors lost faith in 1998." "But Briefing won't again be writing about the Year 2000 problem as an investment idea. That era is over." I conclude that the reward in buying some of these beaten down Y2K's (like VIAS, ALYD, PTUS, SEEC) might outweigh the risk here.
