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

To: micny who wrote (12997)	1/7/2000 9:01:00 AM
From: Rob C.	Read Replies (1) \| Respond to of 20297

micny, The others have corrected a bit more than us, I think we have to catch up on the downside. We may reverse and close strong today, but I doubt it. I think we are headed for 76ish the 50 day MA, hopefully a bounce there. If not, next support is 50 the 200 day MA. Regards, Rob

To: micny who wrote (12997)	1/7/2000 9:48:00 AM
From: Robert Gintel	Read Replies (6) \| Respond to of 20297

Smith Barney has a report out on First Call saying Ckfr is overvalued by 40 points. What isn't? Gist of it is that they have figured out that Yahoo's E- Bill initiative has been slower than they had expected and are projecting Checkfree's losses months ahead. Conclusion: Mr Zandi raises his price target on Checkfree from $20 to $40. Mr Zandi initiated coverage on Checkfree at $28. He recommended purchase at $24. He was frozen into inaction at $12. I toured the Checkfree Genesis facility in Atlanta with him and asked why he wouldn't recommend the stock at $12, if he liked it at $24? He missed the whole upside move that followed and when Checkfree hit $50 he predicted it would reach his target of $22. Now he has raised his target to $40. He could be right this time. Even a stopped clock is right once a day.