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

To: Robert Gintel who wrote (510)	12/5/1998 7:54:00 PM
From: Benny Baga	Read Replies (1) \| Respond to of 20297

Bob, Thanks for all your great insight. In reflecting on this weeks stock action it becomes clear how Wall Street thinks short term....Oracle announces a partnership with CheckFree, the stock moves up 2+, the next day revised earnings send the stock down 3+. In my opinion a partnership with Oracle out weigh's the revisions in the earnings outlook an analysts may have for CKFR. Although, I'm beginning to understand how Wall Street reacts to the news, or so called "news". I do have to remind myself often that investing in CKFR (or any other stock), is a learning process and I have a lot to learn. Thanks again, Benny

To: Robert Gintel who wrote (510)	12/7/1998 9:43:00 PM
From: TLindt	Respond to of 20297

P.S. Some of you may find these conversations, which actually took place, amusing, if not informative. Trader from a brokerage firm a couple of weeks ago, "We have 25,000 shares of Ckfr we can offer at $15." Analyst from that firm a couple hours later, "I am taking my FY 2000 numbers down to 45-50 cents" Trader from same firm two days ago, "Checkfree is selling at $19. We are taking our estimates down for next year." Us, "But we heard you took them down last week?" Trader,(Sounding slightly embarrassed) "But now we are going out in print with them!" (News of earnings downgrade hits First Call) Salesman for trader's firm, "How come we don't do more buiness with you guys?" Should I tell him? Buy 10 million shares on every dip, and sell 5 million at the top. You'll own it all in 2 years. askresearch.com Technical trading a Mutual Fund??? What the Hell Bob, that's what all those young whipper-snapers are doing....