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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: TLindt who wrote (6569)	6/21/1999 10:45:00 PM
From: Scott Williams98	Read Replies (2) \| Respond to of 20297

Man, I really like CKFR's future... BUT, I'll play devil's advocate here and am going with a bearish near term on CKFR's stock price. CKFR closed exactly at resistance today. Next stop could be it's 50 DMA (around $44.50), and I can see it hitting that pretty quickly (on stronger volume, and a continued NAZ rally). However, (and I thought I'd never be saying this...aarrrgghhhh) CKFR will look like a pretty decent SHORT candidate. A ride to down to the high $20's maybe? That should shake out all the weak hands, then she'll inevitably come screamin' back. Of course, this is just an opinion. Could just as easily rip right past that 50 DMA on strong volume if this rally continues. SO there you have it, an opinion that CKFR may be a good short real soon. You may commence with your wrath...<g> Best of luck SCOTT PS...I have no position in CKFR anymore. I don't short stocks. Tried it twice and got burned. I'm looking for my buy in point for CKFR. I've been in and out several times and really like CKFR's longer term outlook.