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

To: Robert Gintel who wrote (6861)	8/16/1998 9:20:00 PM
From: Longterminvest	Respond to of 8545

>>Too much money, in my opinion, has been placed in the hands of professional speculators, not investors, to manage. This is exactly what i meant when i was driving at hedge fund story of getting in & out of the stock quickly. If it weren't for them, we would not have seen a sharp decline as the one occured on Tuesday. >> The stock might be expected to move higher once again, as favorable news replaces recent unfavorable news in the consciousness of investors. Now that the perception has changed and CKFR has caught sight of raiders, Any positive newsabout signups(i.e. AMEX) will be played in similar fashion as before, i.e. CAMEL. as people already know that the key to CKFR is the subscriber growth which unfortunately is not going to happen in near term. Besides, as the banks move from PC based to WEB based E-billing solutions, it give more time to MS-FDC and other emerging competitors to play catch up with CKFR and CKFR loses its first mover advantage, which is somewhat important to its stock. Looking at CKFR's Vulnerability to all these factors, my entry point into this stock would be at high single digit levels. Again, this has more to do with the macro factors affecting the stock markets today and the industry in which CKFR operates and less to its fundamentals, since i believe that the stock hasn't shown any resilience at this levels and has lost each day after tuesday.(again, macro market conditions!!) I also think that a long term Bull case can be made for the company but in this jittery and volatile markets people are looking for very near term returns i.e. day traders.. -kalpesh