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Technology Stocks : CheckFree (CKFR)

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To: Brooks Jackson who wrote (3994)5/9/1998 12:23:00 PM
From: Robert Gintel  Read Replies (4) of 8545
 
There has been a short interest of about 800,000 shares in Checkfree stock for over a year now. But it is what I would call a benign short interest. Benign, rather than abusive, in the sense that the Checkfree shorts are not vocal. They do not populate the internet threads with negative commentary; they do not fax out every piece of negative news that is published; they do not seek to get negative stories on Checkfree published in newspapers and magazines; they do not go around trying to get institutional and other investors to sell their stock in Checkfree; they aren't in the market banging bids on weak days to give the impression the stock is under pressure; in short, they don't engage in any number of such activities designed to help or make the stock go down in the type of organized bear raid such as befalls other companies and such as you and I have seen recently on the Milestone Scientific thread.

If the shorts in Checkfree turn out to be right, they are smarter than all the rest of us put together and I will take my hats off to them in respectful admiration.

In the meantime, if anyone in Atlanta looks out of their window and sees a comet, let's hope it's Checkfree finally blasting off.
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