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Technology Stocks : 2000 Date-Change Problem: Scam, Hype, Hoax, Fraud -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (844)	9/12/1998 11:32:00 AM
From: David Eddy	Read Replies (1) \| Respond to of 1361

Bill - I was, am, and will continue to be 100% correct about the Y2K hoax and the Y2K stock frauds. Since I've not had a satisfactory answer, I'll ask once again... Are you saying that there is a direct connection between the collapse of Y2K stocks and your belief that the Y2K issue itself is (as you claim) a hoax? Obviously you are entirely correct that the right side of the stock bet has been on the short side of the table. And I would like to hear (once again) your argument why the issue itself is a (so called) hoax. How do you argue that suddenly from the ether, computers will discover an additional two digit number after 99? [For those unfamiliar with computer math, 98 + 2 = 00 when dealing with two digit numbers. 100 is not valid since it's a three digit number, which by definition does not exist.] - David

To: Bill Wexler who wrote (844)	9/14/1998 1:14:00 PM
From: Bill J. Landis	Read Replies (1) \| Respond to of 1361

Re: the Y2K short portfolio and Bill Wexler's "100%" claims. Coming up with an impressive portfolio (short or long) in just about any sector using hindsight is no big achievement. You're not 100% right unless ALL of the Y2K stocks have performed that badly, consider, for example, Keane (Amex KEA): May 1997 around 25 (don't have exact numbers) September 1998 over 40 Not bad, especially considering the past few weeks. As recently as July it peaked above 60. I'm can't disagree that many stocks are over-valued, in fact, I think we might be in for a bear market in general, but you're still not 100% correct. If you have access to Usenet, I suggest you check out comp.sys.y2k (I think that's the name of the newsgroups). There are MANY programmers and IT professionals on that group that will tell you y2k is a HUGE problem. Harlan Smith is a regular poster (I believe he does a "Y2K Weather Report). I don't pretend to have all the answers, but I have done some programming, and I tend to take experienced programmers seriously when they say this is no hoax. --Bill Landis