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

To: AugustWest who wrote (9127)	8/13/1999 10:24:00 AM
From: robert scheb	Read Replies (1) \| Respond to of 20297

Everyone must be watching instead of posting. Remember, a watched pot never boils... Scheb

To: AugustWest who wrote (9127)	8/13/1999 9:16:00 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 20297

AW, CKFR doesn't look all that hot on the P&F chart. It has a series of sell signals and is generally trending lower. It has serious resistance at $33, though a move to $35 would be a clear buy signal. To be honest, with the other P&F indicators signaling a bearish market outlook, I would be looking to short CKFR if it didn't break through the resistance at $33. My target would be $22. I think that CKFR's short term future will follow the general market direction unless an outside event were to take place (e.g. takeover). Understand, that this is a pure technical reading, I did not do any FA on CKFR and am not commenting on the real health or outlook of the company. JXM