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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 (5929)	6/2/1999 6:14:00 PM
From: John Madarasz	Respond to of 20297

Bearish?...Yes I jumped for joy when I bought my shares @ $42.50 and wiped my brow today when I sold at $41 1/8...albiet a small lot but market conditions and the charts are just too foreboding at this time. When all else fails follow your guts. In regards to the charts MF...down, OBV...down, MACD (12-26-9)...down, Slow stochastic (5 period %k and %d)...turned down all on a 30 day chart. Furthermore the above average volume on the down days leads me to believe that because of current negative sentiment in the markets professionals have offloaded some paper at these depressed prices only to let the market do their work for them in dragging down the prices. They will be buying shares back in due time for the inevitable distribution at much higher volume and price, but until then things could (and I stress the word could) get worse. The high P/E and recent spo announcement could hurt the price short term. I am hoping that an opportunity is afforded me to get back in at lower prices as this is indeed the next killer application. The smart move says CYA...hope I'm right. Best of luck to ALL, JM