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

To: Andrew Stern who wrote (2056)	2/26/1998 11:11:00 PM
From: Risberg	Read Replies (2) \| Respond to of 8545

It is my understanding from the yahoo thread that the Cabot newsletter recommended this stock at 28. Earlier this week, he lowered his recommendation to a hold. It is his consistent policy to recommend "sell" whenever one of his stocks falls 20% below entry. Apparently he put out the sell today when it hit that point (22+). Although his loyal followers may not be all that numerous, other investors tend to track his recommendations, and perhaps there were numerous stop sell orders near that point, so as to miss the resultant rush to the exits, which was not pretty. I suspect that the stock will snap back somewhat, and that most of the Cabot gang has already bailed. The last trade after hours was at 22 1/8. I'm holding. This would be a stupid time to sell. Nuff said.

To: Andrew Stern who wrote (2056)	2/26/1998 11:33:00 PM
From: jjs_ynot	Read Replies (1) \| Respond to of 8545

>>> there is something else going on here, which I don't understand...but a broker friend who attended with me suggested that you may never know the reasons behind an analyt's recommendations.. That has been the general consensus on the thread. Something going on under the surface but not able to put our hands on it.

To: Andrew Stern who wrote (2056)	2/26/1998 11:53:00 PM
From: kolo55	Read Replies (3) \| Respond to of 8545

I have to correct a misconception. Pete Sinisgalli, the COO, made the presentation, and I agree he did a pretty good job. The other person present was Jim Douglass the CFO. You probably missed the introductions, and checked the name on the program. I was surprised by the market reaction today and can't understand it. But then again, I often don't understand short term market moves. I thought the info was upbeat. I guess it doesn't help to have public disagreements between analysts and company representatives. A lot of the other companies that presented saw significant jumps in their prices right after the presentations. There was definitely a conference effect this week. But alas, not for CheckFree. I sold my CheckFree between 27-29 last fall after a nice run-up from 14, and just began to buy back in during the last two weeks, getting shares at 23-25 range. The fundamental news for this company over the last six months couldn't have been better. Paul

To: Andrew Stern who wrote (2056)	2/27/1998 1:51:00 AM
From: pat mudge	Respond to of 8545

there is something else going on here, which I don't understand... but a broker friend who attended with me suggested that you may never know the reasons behind an analyt's recommendations.... I agree when you say there's something else going on. Lehman's comments today bordered on irresponsible. Talk about looking at shadows and seeing tigers and leopards. What do they do, play the Microsoft card every time they want a buying opportunity? I'm feeling a bit jaded tonight. Imagine if one of us said we were worried about future Microsoft press releases knocking the stock? Wouldn't we be accused of shorting? Or at least of being alarmist? How much better for an analyst to explain the facts behind any announcement once it hits the press? For example, analyze the details, state how the companies differ, and calm investor fears instead of flame them? Is this asking too much? I want all negatives out in the open but I certainly don't want someone fanning the flames with false information and causing weak hands to dump without good reason. Then again, the more who dump, the more we'll have at bargain prices. That's not all bad. Later -- Pat