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


To: K9 who wrote (12389)11/29/1999 2:02:00 PM
From: MARK BARGER  Read Replies (1) | Respond to of 20297
 
K9, You misunderstand me, I think CKFR is a wonderful company in an exploding industry. But, until this internet crase of the last couple of years. Most savvy investors would take some money off the table after a rabid runup such as CKFR and nearly all i-nuts have done the last couple of months. The Nasdaq is up 30% in 2 months. I have been sorely tested to cash in, what with y2k looming.

My point is that taking money off the table, doesn't pay in this pig of a market, where money is chasing these stocks like there's no tomorrow, in a buying panic.

T. Lindt did a smart move when he cashed out after CKFR's nice run up to mid 50's. Who would have thought this baby would have simply marched straight up without a hint profit taking the last month. I sold at 58 thinking reality would set in to the Nasdaq. I finally realized last week that CKFR wasn't going to back up but just keep marching higher. What with SUNW up from 80 to 130, QCOM up from 200 to 360, Yahoo up from 140 to 220, all in the last 2 months, one would think this market would be ready to take a break.

Don't try to understand this market just grab on and ride. Don't know when the ride will be over, let the good times roll!

Again, TLindt thanks for the great info. Good luck to you.

Mark