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Technology Stocks : CheckFree (CKFR)

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To: AugustWest who wrote (5929)	7/18/1998 11:48:00 AM
From: TLindt	Read Replies (1) of 8545

>>>I hope our ghost is really a friendly one. Yea that's the guy....technically CKFR is still on the soft side, but the price remains at the top end of the hump as all the Moving Averages continue to Climb and spread out setting up a bull pattern on the Charts....something is out there we just haven't found it yet. OR...it could be with all the other 'internet stocks' making huge moves YTD, CKFR up a mere 7.4% or $2.00 and still well below it's targets might not look too bad as Subscriber growth is scheduled to take off in the Oct-Dec period. IF that in fact is the story....then you have about 10 weeks yet of lower Subscriber growth...and 10 weeks to buy the Stock before the next leg up in price...as investors bid up the price in anticipation of stronger Subscriber growth which has been forecast to return in Oct-Dec98. IF that is the senerio then the Camel is dead, as it takes about 2 months to complete the bottom to bottom, top to top cycle of our Camel. i.e. not enough time to complete the cycle before the expected event. But that's not to say that we couldn't spike down, and rebound like a sling shot from here, so no stops for this guy I can wait 10 more weeks.

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