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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?

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To: Robert Sloan who wrote (7487)6/30/1999 11:04:00 AM
From: Dako  Read Replies (2) of 20297
 
I think that is the essence of the short-term story here. While it is dangerous to blithely assume with certainty that there are no problems whatsoever with Checkfree, it is historically the type of situation--very hammered S-T but not on a pure fundamental or accounting issue or even on a stock market sell-off--which is shunned for at least a while by the vast majority of the investment community. The very nature of the professional fiduciary makes it infinitely easier to buy CKFR, for example, 5-10 points higher than current levels as long as what most of us view as the likely case appears to be once again more fully accepted. Perversely enough, it is often the higher stock price that generates this attitude.

It all sounds a little silly if you don't do it for a living. But that's reality, and it is fortunately what creates these opportunities (or not) for the rest of us.
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