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


To: Jody Ritchie who wrote (12238)11/20/1999 4:02:00 PM
From: zuma_rk  Respond to of 20297
 
Ok -- how funny is THIS...

Don't ask me how they do it, but the New York Times distributes the Sunday Magazine on Saturday in the NY area. Anyway, tomorrow's cover story is called "The Solitary Obsessions of a Day Trader." Pretty bleak article about day trading hounds, but we got our 15 minutes of fame over on page 72:

Dave <the 30 year old daytrader chronicled in the article> is watching Checkfree, which he also bought yesterday, at just under $33 a share. "They're the infrastructure behind bill payments online," he says. "Supposedly Amex is using them and hasn't made it public yet." Dave pieced this theory together from tips on the Yahoo and Silicon Investor chat rooms, plus the cagey response of CheckFree's investor relations department. CheckFree is trading at 33 7/16, Dave stares ahead, smile pasted on his face: "If you can break through 35, you've got 40." Discipline.

Later in the article:
The price of CheckFree begins to drop. Dave starts banging the keys. "Yuck. Now I'm disappointed."
Still smiling, he unloads his 1,000 shares in two lumps over 30 seconds for a gross profit of $346.


Too bad for Dave -- guess there's alot of Dave's out there who are too quick to sell their shares...<g>



To: Jody Ritchie who wrote (12238)11/20/1999 7:07:00 PM
From: TLindt  Read Replies (1) | Respond to of 20297
 
>>>In hind sight, I should have sold later in the week, but you can't go broke taking profits.

There is nothing wrong with taking a profit...we were sitting here tonight, just a bit ago, and my 9 year old daughter asked me, "Daddy I only have 2 questions....as she raised out two fingers with a smile and a blush...Number One, with one finger raised.....are we all really going to go up to Canada Fishing...really like you said?" (and I could see it in her face... one of these days....I've been saying it for years we'd take them...it is rough, but we'll see)

On the Phone right then and made it happen...It was history as she talked to the Canada Man herself, and asked, my daddy said? After the confirms were done and the phone was layed down....I said #2? Never mind she says.

Musta been why not?.......nothing wrong with profits. Now she will find out.