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


To: TLindt who wrote (12634)12/10/1999 7:12:00 AM
From: noiserider  Respond to of 20297
 
Two items-

One, Briefing.com has a CKFR mention in the Tech Stock section under the Software/Services subheading . This is first mention from an advisory service that is free, I believe, to Etrade customers.

<<Checkfree Holdings (CKFR 80 3/8 -1/2) Warburg Dillon Read initiated coverage of provider of electronic processing services and financial application software for financial institutions and businesses with a "buy" rating and 12-month price target of $100 (75x FY02E of $1.33)>>

Two, I was speaking to a mutual fund manager about the year end games that are played. Performance measures are applied and bonuses are calculated on the quarter's last day. One way to boost your performance is to take your few largest holdings and use a substantial portion of your cash to run them up during the last day. The first day of the next quarter, of course, they drop.

A variation of the game can be played if you're trying to get into the top 10 category of, say, the internet funds. Take the top few holdings of your nearest competitors and sell on the quarter's last day.

By far the most effective method is to buy your own holdings. His advice was to buy into the market until the new year; then get into cash for the drop.