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

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To: Islander who wrote (4430)4/8/1999 6:09:00 PM
From: TLindt  Read Replies (2) of 20297
 
>>>These 3 point drop days make me nervous, especially as I have been here from way back and did not expect these levels so soon! Am I paranoid or do we have yet more to come in the short term (couple of months)?

You seam to know what to do on a day like this...after a day like yesterday, because you know deep down that can't last forever....A.W. and I were talking about it this morning....but it just takes one time to get second guessed and it will cost you a fortune.

The best advice I could give is leave some seed in the field. An Example which happened to me....one of many by the way...take your pick...but I'll use EGRP.

I bought up a position in that Stock in the low 20's...goes up goes down, then last fall it goes way down...I hold. Comes back up when it crosses 30's I figure 50% is good for a 1/2 year hold and sell half...next thing I know it's at $50..sell another 1/2 of what is left. Figure I'm doing really good...then it goes in excess of $100 and splits and is now pushing $200 pre-split. When they start moving like that you just can't get back in...they never come back to you. That's why I say always leave some seed in the field...and just let it go. It satisfies the shoulda, coulda, woulda...thing for me.

Determine now..in advance of these future swings..like that 41 to 25 to 44 to 36 to 55 thing we just came through...what you want to be a core position in CKFR....and don't screw with it. Then play...all you want with trading if you think you might take advantage. IMO. I'm sure a lot of guys got second guessed out of this thing in the teen's, 20's, 30's, 40's and 50's.

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