Check Point Software (CHKP) Message Board

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Technology Stocks : Check Point Software (CHKP)

CHKP 190.90

-1.1%

Dec 8 3:59 PM EST

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To: David Rubin who wrote (2242)	5/1/1998 12:36:00 PM
From: Mark Oliver	of 7150

Funny how there seems to be support, but the price keeps dropping. I watch the bid/ask lot sizes, granted a poor indicator, and they are often showing strength and the bid moves down on a little sale of less than 500 shares. It doesn't make sense. While I hate to prescribe to conspiracy, it does seem strange. Is it possible to see a strange pattern of trading that indicates a lot of short selling? Is there really any logical foundation to short this company at these prices? I've been buying a little today, thinking this will probably bounce, but like you, I have my doubts. Also, I'm no TA guy either, but it does seem obvious that there isn't much support. I don't think there's much reason without news or downgrades for it to run away down from 28, but this could be a slow death over the next week. It does seem like day traders could be buying the dips and taking the strength out of any rally as they try to catch 1/4 points. I'm not really adding anything, but it does seem a little strange. Please let me know if anybody knows of any downgrades. Has there ever be talk of Checkpoint being acquired? Regards, Mark PS Just broke through 28.

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