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Technology Stocks : CheckFree (CKFR) -- Ignore unavailable to you. Want to Upgrade?


To: Benny Baga who wrote (2010)2/26/1998 10:56:00 AM
From: jjs_ynot  Read Replies (1) | Respond to of 8545
 
It certainly looks like a holder with at least several hundred
thousand to several million shares is lightening up. It occurs
to me that the seller could be INTUIT raising cash for all of
their new initiatives such as TURBO TAX on YAHOO. Purely wild
speculation, but institutional investors are usually smoother
on the exits (e.g. Fidelity Magellan buys and sells millions
and is careful to make small perturbations in market). Thus it
could be a corporate holder. Also, is there another large commercial
holder who might be selling from one of CKFR deals (AOL? I can't
remember)?



To: Benny Baga who wrote (2010)2/26/1998 10:59:00 AM
From: AugustWest  Read Replies (2) | Respond to of 8545
 
No, they aint beating the doors down, that's for sure. However, it is showing good support here at upper22 to 23. I think this is about the 200DMA, gonna' check.

>> Can Integrion buy on the open Market? Although I don't think they will.

Benny, I think they need to reduce their holdings to under 20%. Maybe they are doing so now, although it may be in their better interests to hold till mid year.
Again, I don't recall exactly the terms of the deal.