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

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To: TLindt who wrote (5989)6/3/1999 3:11:00 PM
From: David H. Zimmer  Read Replies (2) of 20297
 
Reasons for the recent volatility in CKFR:

(A) Market Maker Manipulation
(B) Crafty Selling -- To Pay For His Viagra
(C) Gintel Buying
(D) All of the Above
(E) None of the Above
(F) Some of the Above

All things considered, for those of you who are unfamiliar with how the lead and affiliated underwriters make money on this deal please be advised that REVENUES DO NOT SIMPLY COME FROM SELLING THE STOCK TO THEIR CLIENTS.

Most of this stock is going to end up in strong hands followed by coverage from all involved, positive coverage. In the interim, it is in the best interests of all involved, to the exclusion of existing shareholders and CKFR, that the market for the stock obtain a level area of support prior to the actual secondary being priced and completed. That is what the underwriters have accoomplished. They bought it up last week in a thin market, sold into it last Friday, watched it drop down and now are supporting same. Not bad, add about $5 in trading profits to their scenario and you will figure out how these WHORES make their money.
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