[RT] Y2K and the Nasdaq: Buy The Rumor, Sell The Fact?

[mike <combat@xxxxxxxxxxx>]

Dear Realtraders,

Like many in the markets, I have been agog with the tremendous runup in
the Nasdaq over the past two months - it has been staggering.  I was
wondering whether anyone else has any thoughts on the idea that some of
that runup was based in part upon the "rumor" that Y2K was overblown and
that the anticipated blow to technology stocks was not going to happen
and now that it has passed without any major disruptions yet (I know
Monday will tell us the real story), could we now see a case of selling
"on the fact"?

Any thoughts would be appreciated ... and yes, I'm looking to short the
Nasdaq futures - not necessarily with both hands but with at least six
or seven fingers.

Sincerely,

Michael Strupp
Chicago IL