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


To: David H. Zimmer who wrote (7389)6/29/1999 11:09:00 AM
From: AL TOTH  Respond to of 20297
 
In my experience when a stock takes a big hit just before the end of a quarter, its downward spiral is exaggerated by window dressing by money managers. Many professionals realize this and actually start buying the stock 1 to 2 days before the quarter ends expecting money managers to reenter the stock the beginning of the next quarter. This process should be exaggerated with CKFR since its slide was really an overreaction rather than actual bad news.
IMO this could be the start of that buying with CKFR today. If it follows other similar stock patterns and the overall market cooperates we could see CKFR recoup alot of its losses by the end of this week.
Just my opinion but Ive seen it happen too many times before.
CKFR under $30 could be looked as a real bargain 2 weeks from now.

AL



To: David H. Zimmer who wrote (7389)6/29/1999 12:57:00 PM
From: TheTruth  Read Replies (1) | Respond to of 20297
 
I am a new investor to CKFR. Like most people its a real bargain at these prices. But what I have noticed during the past few days on my level II is HMQT is either liquidating a huge position or selling the crap out of this stock. It almost seems every time HMQT steps out of the way stock starts to move.