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Technology Stocks : CheckFree (CKFR)

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To: David H. Zimmer who wrote (3091)4/2/1998 1:55:00 AM
From: Robert Gintel  Read Replies (2) of 8545
 
Congratulations on your success with THNK and others in a month. There is one important difference between our investment styles though. I don't have the same luxury in moving in and out of several million shares of Ckfr as you do in moving in and out of several hundred thousand shares. It requires more of an investment committment than a trading mentality.
What I don't understand about your comments is this? You have said on a number of occasions that you won't buy Checkfree back because you don't have a reliable discounted cash flow on the company. That being the case, why did you buy it in the first place? You didn't have one then either!
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