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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (1533)	1/1/1999 8:18:00 AM
From: Tom Allinder	Read Replies (2) \| Respond to of 57584

To All: Happy New Year. I got the first post of 1999. I don't drink and have to work almost every day and today is no exception. I just now (after buying ACLY, IAIC and TSRI yesterday an hour or so before the close) got around to checking closing prices. I almost fell out of my chair seeing ACLY at 5 1/8, IAIC at 1 1/2! What an impressive close. I could be (and often am) wrong but, I saw money flowing out of a lot of smaller speculative internet/telcom stocks yesterday. This is going to continue (IMO) Monday. The Y2K thing is on. It doesn't matter if any of these companies make any more money than they did in 98. It is the simple perception of the Y2K problem that will drive these things to stratospheric heights. I often see analyst's information that states all kinds of fundamental data regarding possible movement of stocks, the talking heads on CNBC etc... None of it means anything. What means everything is the perception that Y2K is less than 1 year away and nobody knows what is going to happen at 0001 on Jan 1 2000. Speculation on the problem will drive the Y2Ks for a month, may three months maybe until late in the year. Don't be surprised to see these things move to ridiculous levels in the next several months. Just my humble opinion. Tom