SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CheckFree (CKFR)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Longterminvest who wrote (6777)8/13/1998 1:56:00 PM
From: Longterminvest  Read Replies (3) of 8545
 
>>what kind of a person would change his opnion twice in 2 days. It won't affect the stock
price at all, he can write volumes and nobody will read it.

What i meant by that was, Analysts on Wall street have client following and only those who have institutional following can move the stock. That's the reason we had so many strong buys and the stock wasn't going anywhere. The analyst who matter to this stock are

Pat Burton-Lehman Brothers
Gary Craft - Robertson Stephens

'cause they took the company public in 1996 and they are associated with the stock on Wall street as they marketed the deal. The institutions listen to them and not some Leg mason.. Unfortunately Both of them are bearish on this stock since the begining of the year,
They have time and again repeated the worries about subscriber growth and they in the end turned out to be right and management was wrong.

What you need right now is someone like Michel Parekh(AOL, Geocities) at Goldman, or Mary Meeker at Morgan Stanley(YHOO, AMZN and Broadcast.com), powerful people to backup CKFR. Which at this point seems unlikely with the management F**K up.

Also Monky, oh.. i am sorry-Micny, hold your emotins and think logically and you will know the reasons why CKFR can't go to 20 in near term

-kalpesh
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext