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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: AugustWest who wrote (18913)11/5/2001 3:01:46 PM
From: jfoley  Read Replies (2) of 20297
 
"Go ahead and short this stock if you feel comfortable enough with it. Again, if you knew me, my habits, you would know I encourage people to take full advantage of trading opportunities(I mean I don't see the color green in my country's flag). But here's my take on shorting ckfr. The volume is generally too low for me to piddle around with shorting it(unless you are playing with a few hundred shares)."

August,

It seems as you think shorting may be unAmerican? I can assure you it is not. Perhaps you should brush up on how the stock market works.

As to you not shorting because it doesn't trade enough shares, well it trades plenty for me-$7.5m a day. I would not BUY because it trades so few shares. If it only trades $7.5m per day, how many mutual funds can really buy this? They need to be able to buy Millions and Millions of shares. How can they do this with so few shares. They can't. That is why I will continue to keep my eyes open on this as a short. Mutual funds often won't buy stocks under $15 per share because of what I have mentioned. Mutual funds control up to 80% of a stocks shares and are responsible for the surges going upward. So I wonder how many have been dumping and looking elsewhere.
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