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Technology Stocks : CheckFree (CKFR)

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To: Miles Bradley who wrote (51)12/23/1996 1:35:00 AM
From: kolo55   of 8545
 
I think recent weakness due to tax loss selling

I looked at Cybercash, and agree completely with your analysis. Absent any other recent news, I believe that recent price weakness is due to year-end tax selling. Also because this stock doesn't pop up on a lot of screens looking for earnings mo or value screens looking at PSR etc. Wait until the revenue growth becomes apparent 2nd half of next year!

The stock is less than a year ago, and its hard to imagine that the news from the company this last six months could have been better, unless investors expected this to really explode.

I bought 800 more at 15 1/8 Thursday, so of course it went down on Friday. I have the position I wanted by year-end. Now I wait.
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