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

To: Benny Baga who wrote (3209)	4/8/1998 12:57:00 AM
From: Robert Gintel	Respond to of 8545

Thanks Benny. Our fund did so well today because of the Greentree takeover. We have 6% of out fund invested in that stock. We have 22% of the Fund in CKFR and when that moves, you will undoubtedly see us on the tube again. I don't think it will be much longer before that starts to happen. Yes when Craft spooked the stock, I loaded up the wagon and bought very heavily for myself. I did trade out of that position, as has been suggested here, and now am off the margin I put myself in to do it. Needless to say, none of our investment positions are being sold. I said once before that I thought our biggest risk will be in selling our stock too soon. My only suggeswtion to some of you, is to not focus on the next quarter's earnings. They are not important to the price at this point. The company will not dissappoint. What is important, is the battle for the E-Bill market. The consumer home banking battle is virtually won and all that is left is some mopping up operations. but we will shortly get a picture of what CKFR is doing there and that, fueled by some major customer sign ups will have important long term implications for the stock, warranting higher prices eventually. I suggest when you climb a mountain, keep your eye on the peak ahead, not the pebbles underfoot.