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

To: g_m10 who wrote (3957)	3/24/1999 10:13:00 PM
From: TLindt	Read Replies (2) \| Respond to of 20297

>>>Todays low volume is somewhat puzzling. It sure was I had been watching CKFR off and on these last few days and there never was much on the bid or ask in volume. But then something came in today and just started taking all the asks out...pretty much without reguard to price. If somebody came in and sold into the offer those shares were just sucked up. For a while on the left side of my screen the bidders just sat there on their limits as the price kept moving up, and up and up. And the question I came away with was, what's the hurry to buy? For days this had been a bidder game...ie just wait for them sellers to fold. But sometime in the afternoon somebody got really hungry for CKFR and there was nothing on the board for sale so it went to right to supply/demand. And the buyers were paying a pumped up price for what was offered, cause there wasn't diddly out there. Haven't been into Level 2 for a full 30 days yet so I'm guessing...but it sure looked like panic buying as the bidders on the board weren't budging up, no this was like, 'what do you want, I'll take all yours and that guys too, and your grandma's while I'm at it' Something caused a demand for these shares today and there were no volume sellers so the price went up.