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


To: noiserider who wrote (17636)2/21/2001 5:39:50 PM
From: Rob C.  Read Replies (3) | Respond to of 20297
 
Noise,

Checkfree has a PE of ??? and this this market that is what matters. Adoption? I agree Checkfree will do this sooner than later, but with interest rate cuts on hold for now, there is absolutely no impetus for a market or Checkfree rally. People are scared, but the selling hasn't been painful enough yet. After today I see the Nasdaq at August of 1998 levels in order for us to see a reversal. Check out this chart...does it lie?

askresearch.com

I know I tend to be a contrary indicator, but what is going to turn this around? Sentiment is so low right now that selling into any rally is what people are doing. Days of buying the dip have been done since July 2000.

I am not selling, but I would not be bottom fishing yet either. We need capitulation, haven't seen it yet. I know you got excited when Checkfree was green for a while today, buy did it hold? Did anything hold? No, selling into strength.

Regards,

Rob