CheckFree Holdings Corp. (CKFR), the next Dell, Intel? Message Board

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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?

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To: AugustWest who wrote (2154)	1/31/1999 10:25:00 AM
From: Sam Biller	Read Replies (2) of 20297

>This can be good and bad at the same time. The bad is that a lot of holders just wanted out with their profits. The good side is that CKFR is now in fewer, but stronger hands. This should bode well as there will likely be more selling pressure in the coming weeks, but will likely find footing in the 33-35+ range. I think it is a big unknown at this point where this stock is headed in the next few weeks. If the bills.yahoo.com site is confirmed then we could see a small run-up. Also, if H&Q reiterates a buy rating w/ a target in the $50's we could see a bump up. I've decided to hold 100% of my shares since at this point I feel the downside risk is minimal since people and institutions are starting to notice this company. I would like to see some good consolidation at this level ($40) and have a good base for another move up to the $50's buy this summer. If the internet bubble bursts, we may see this stock give back maybe 20% in a partial correlation. If we could get an analyst like Mary Meeker at MSDW start coverage, we could see $100 by the end of 99. >I would be surprised to see the price wane much below that. Unless nothing new comes of the portal deal in say a month or so. Then we will see some more buying opts. as we could test recent supports in the 27-28, 24-25, 22, 17-19, 14-16, 10-12, 9- ranges. There I ran down all the light supports to a worst case scenario. I agree w/ your light support ranges but since this stock has been a rocket ship from 18 to 40 we really don't have any solid support until the $18 level. Sam (IMHO)

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