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

To: Rob C. who wrote (2018)	1/28/1999 9:49:00 AM
From: Brooks Jackson	Respond to of 20297

Exit point? My gut will tell me. I have already taken some trading shares off the table. But CKFR remains by far my largest holding. Ideally, I would like to see a steady rise in the stock price supported by a steady rise in CKFR earnings, which I have no doubt will materialize. In that case I would hold forever, or until Pete Kight retires. However, I think we are now likely to see 'net mania take over, driving the price of CKFR to nosebleed territory, where it will be vulnerable to sudden and unpredictable collapse when the inevitable happens and the amazing 'net bubble pops. So -- when and if CKFR's price runs far ahead of itself, I intend to take most or all my money off the table and wait for the bubble to pop. At which point I will buy back my shares at a more reasonable price. That's my plan. I hope I have the good sense to execute. What price? Probably a series of "exit points" -- taking 25% off the table first, then another 25% if it rises further, and so on. It depends on how high and how fast. If it hit $50 tomorrow I would take "Mr. Market's" offer and sell some more shares.