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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: TLindt who wrote (433)12/3/1998 11:20:00 AM
From: g_m10  Read Replies (1) of 20297
 
Crossed a Million in less then an hour....wonder if this thing's got enough juice to make one of those 'widow & orphan friend' internet moves?

Was asking the same question myself for the last few days. To me it looks like since Piper issued upgrade someone was churning the stock. For the volumes that we've seen for the last few days, stock price usually responds much stronger. Large chunks of stock are crossing the tape on the sale side. Most of the buying was done by small investors.
OTOS, I checked yesterday some usual hangouts for the small investors, like Motley Fools - one post only, misc.invest.stocks - no posts at all. So, most of the small guys haven't even heard about the stock move yet. If/when they join the rest of the crowd, price may go way up. If it does, those who was churning the stock may decide to jump back in. They may try to badmouth the stock for a few days before the jump, though.
Anyway, I don't see a big downside risk at this time. On the upside, there's nothing wrong if the stock takes a breather for a few days. Some good news wouldn't hurt in the mean time.
A while ago Pete promised us some big announcements within 90 days. Hope it is coming soon.
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