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Technology Stocks : CheckFree (CKFR)

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To: Brian K Crawford who wrote (75)1/30/1997 2:22:00 AM
From: kolo55   of 8545
 
Did they discuss the sale of 2M CKFR shares by Intuit?

According to the press release on Monday, Intuit has to sell 2 million CKFR shares on the open market to reduce their stake to less than 20% over the next two months. Did they discuss this overhang of supply over this period ?

The recently expanded volume and weakening prices probably are related to this overhang; but then again I've been wrong before. It could take 20 days to sell 2 million shares, based on average volume of 100,000!!! Wonder when Intuit began selling. Toward the end of this period would another great time to buy some shares.

Paul
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