Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: AugustWest who wrote (8771)	8/4/1999 8:58:00 PM
From: rumble_maker	Read Replies (3) \| Respond to of 20297

Please read this all the way through and think about it before responding. The next two days are going to be the most nerve racking this generation has seen for investing. If you are not concerned, you are kidding yourself, and I would advise you to take these words as a wakeup call. Several posts have mentioned stocks on their support lines. Many stocks, mostly internets, have been falling and are now at the "neckline" after completing the head and shoulders pattern. The actual downside from here, if support is broken, is the difference between the top of the head and the neckline. Most stocks would be in negative territory if this would happen. The timing of this could not be more crucial with key economic indicators coming out Friday before the open. That means that there is one more day to establish stronger support for these stocks. Tomorrow,I would expect the same open we have had pretty much all week: gap up, small up after that and then selling, followed by more selling. The difference tomorrow is that we have come down to the economic number the market has been freaking about. I teach the people attending my trading seminars to not trust the media because they usually are misinformed and manipulated by more streetwise people. The media has much better ratings when any negative event or fear is happening. (Think about when the market is going up, do you watch CNBC as much when the market is going down? Remember when the secondary and Exchange stuff was going on? How much were you watching that day?) Tomorrow, CNBC commentators will be emphasizing the number coming out Friday, this time they are actually on to something. So many numbers in the past have threatened to end this market, but none have come at such a crucial time of technical support. 10 stocks of the Dow are BELOW their 200 day moving averages. Every internet stock chart I pull up is at the neckline I was talking about above. People, I am not predicting gloom and doom, I just want you to be prepared. If the number does miss on Friday, Internet stocks are gone as we know them. Sure, YHOO, AOL, and a handful of others are going to be good stocks, but still nowhere near even today's valuation. The rest of second and third tier stocks are going to the small cap listings. If you don't believe me, go look at the rules of listing on the Nasdaq National Market System. If you don't know these rules, don't even try to argue they won't be going to the smallcap listings. CKFR will not be one of the ones going down like that simply because, I don't think they were ever valued like an internet, even at 60. Although it won't be spared if we head into a larger correction. If the internet hell is about to begin, that will force the Nasdaq 100 (NDX) down which will force the S&P 500 (SPX) down which is going to force the Dow 30 down. Bargain hunting and value investing will be the talk at the parties of people who still have money left. If we have the open I referred to above, I will be shorting come 9:50 est. on stocks that are at that crucial neckline. If we don't have that open and the market is bullish, I'm not buying until there is a selloff at the end of the day. The buying will be half the amount of shares I would normally do. This works for 2 reasons. If the number is cool, then I still profit. If it is bad, I'm only out half the money. Half the money is bad, but it gives me feel for how that stock is trading compared to the overall market giving indications to short it or short something weaker. Keep in mind, you have to do your own work, and this is just my opinion.

To: AugustWest who wrote (8771)	8/4/1999 10:59:00 PM
From: Robert Sloan	Respond to of 20297

1&2)Unlike SOME internets, Checkfree has a REAL business. 350+ banks, major big volume accounts, and this is growing. Additionally they derive income through Intuit/Quicken and presumably soon through the portals. 3)I know nothing of a takeover but Intuit's stock interest in CKFR suggests a continuing and beneficial relationship.4)Portal testing has been ongoing and announcement dates are expected "soon" I don't know when "soon." is. If the portals don't work out, maybe the bank consortium will make peace and not seek competition vs. Checkfree. In sum Checkfree has a real and substantial business with tremendous growth potential through actual and prospective sources. I think the preceding correct and I hope it answers your questions.