CheckFree (CKFR) Message Board

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Technology Stocks : CheckFree (CKFR)

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To: Mr. Stress who wrote (6760)	8/13/1998 9:27:00 AM
From: Cymeed	of 8545

<<< CKFR is WAY oversold. It should go easily back to $17 short term (maybe tomorrow). imo >>> Agree. CKFR was probably over bought before this news release due to all the optimistic views and all the strong buy ratings etc. What goes to the extreme of the top comes down to the other extreme of the bottom. What we are seeing here now is way over reaction and over punishment. Based on its promising future and the fact it is in the black now, I would say this stock is worth in the $18 area, by picking up a number from the sky :o)But don't know when. Pete Kight tried to correct the mistake he made early and go conservative this time. But this itself caused tons of kneejerk reaction. People have been expecting great news, including me. I would say CKFR will probably stay in the teens for the rest of 1998 and must be a great stock in 99 !

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