CheckFree Holdings Corp. (CKFR), the next Dell, Intel? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: rumble_maker who wrote (8772)	8/4/1999 11:30:00 PM
From: Erik T	Read Replies (1) of 20297

rumble maker, Nice provocative post. I am an amateur, new to charting, but have learned some here. This is what I see...(BTW, please point out any big errors, I am always looking to learn something) CKFR sitting just above support at $25. Next tested support about $18 ATHM just above support at $40. Next tested about $18 YHOO on support of $120. Next tested $90? or $110? MSFT on support of $84. Strong support about $75 AMZN broke support about $90. Next tested about $22 CMGI broke support of $90. Next tested at $40 DCLK broke support of $70. Next tested at $38 LCOS broke support of $35. Next tested at $ 25 EGRP broke support of $30. NExt tested at $18 EBAY broke support of $130. Next tested at $60 AOL broke benchmark of $90. Next tested at $70 NTBK broke benchmark of $27. Next tested at $13 INTC flirting with all time highs. If we break down further, the sell-off in internets could be another 30%-50% from here. Higher quality issues such as AOL, with strong earnings, etc will likely do less badly. Look at INTC! The internet bubble has already burst. What we may see will be a blood bath, although I think it will be long and labored. No rapid sell off and rebound. Who would have guessed internet darling eBay would have already have come under so much pressure? What is going to be interesting is we now have a new generation of investors who have never seen a market that doesn't immediately bounce back. These are people who are likely to hold on through it all, too scared to sell at a big loss. That whole, "Investing for the long haul" stuff, which by the way I do. I wonder what that will do psychologically to people who thought aggressive investing simply meant bigger rewards. I agree that CKFR is likely to do less badly than many, as it never had the unbelieveable run-up earlier, but will certainly run lower. A big internet sell-off could dramatically alter business plans going forward. Earnings will become important as the capital to fund all these losses will dry up fast. Poor ECOM, didn't get their IPO in time. Basically, I see this as a very scary time. My CKFR traders are gone. I did pick up a few ATHM and am looking for a gap in the morning to unload those. Value investing...hmmm...that sounds interesting. My one pick there is CTAL (Just throwing that out there). Good luck to all of us. I will be interested to see others views on this important time. Erik (IMHO)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next