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Technology Stocks : CheckFree (CKFR)

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To: CHUCK IRWIN who wrote (196)7/13/1997 6:17:00 PM
From: Jumper   of 8545
 
Thanks Chuck, we all appreciate your candor.

I agree with the general diagnosis you arrive at, and respect your August caution flags. You certainly are right- people will be taking a 100% profit on this short term investment. A 200% profit if they had the savy to buy in when the CKFR ship was deserted this spring.

...but then again we have been having some strong volume here with lots of new buyers getting in now at the 17-19 region.

Maybe I'm weighing in here heavily based on CKFR's last earnings report which rescued us from the 9 and change area. That earnings report returned us to the moving average so quickly I had hoped that:

Some good client/product announcements this quarter (which we have had); coupled with another-

Terrific earnings report & forward look statement would punch us into a new breakout through the old high. This may take a few quarters but I would love to see it happen.

Profit taking could certainly take us down after earnings- I know the MM here loves a good shakeout.

Jumper
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