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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (5276)	2/2/1999 11:58:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

John, I prefer to view y2k as a fundamental issue and therefore it has no validity as a technical indicator. However, the deteoriating technicals may be a set-up for this disapointment. To be honest with you, I'm not so sure all this technology is so great anyway. Sometimes I feel like going back to hunting and gathering -g- bb

To: John Pitera who wrote (5276)	2/3/1999 12:27:00 AM
From: Lee Lichterman III	Respond to of 99985

>>I am pretty confident that the Y2K situation will make every one have Fear doubt and uncertainty about technology and their reliance on it by this time next year<< IMO the bigger question is what will the market do to get ready for Y2K and when will it start. I have read many articles about Y2K and recently just read one where they did a poll. This poll was ordinary people. 25% were planning on pulling cash out "just in case", of course there were those that were building 50s style bomb shelters etc too. -g- My point is, if people are going to pull cash out because they don't trust their bank, then is the PERCEPTION that the market might also be unsafe going to have people wanting to pull their funds out of the market. Since those in the market want to be ahead of the times (don't want to be the last person trying to sell in a falling market the big boys could be pulling out well before the end of year approaches. The market drop scenario could become self fulfilling prophecy. The buy the dip crowd would get creamed as it fell since no one else would want to buy back in until Jan 3rd. But what a dip to buy <ggg> Lee

To: John Pitera who wrote (5276)	2/3/1999 9:18:00 AM
From: Ramsey Su	Respond to of 99985

John, Watch in 9 months, when there will be 6 Trillion Dollars in law suits by innumerable law firms for Y2K deficiencies that will exist in every technology sector...you have to believe that the lawyers are ready and willing to sue for a piece of that payday. this is one of the best reasons for shorting IBM, asides from its exuberant price. I can't think of any other tech company more exposed to Y2K lawsuits than IBM, given its dominance in the old days. Others on my list include ORCL and CA. IBM, for the last year or so, has been growing its "service" business tremendously and had been carrying earnings growth. Does anyone know how much this service business is Y2K related? Could there be a double jeopardy for IBM? By that I mean not only will Y2K business be drying up in a year or so, they will also be sued for past acts? Ramsey