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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: oldirtybastard who wrote (25627)10/7/2000 12:07:43 PM
From: Perspective  Read Replies (1) of 436258
 
What f*cking doublespeak in their profile. I *hate* this crap. Please oh please get on with the bear so this stuff will go away! I work in technology myself and it makes me want to vomit every time I read this garbage:

Check Point is engaged in secure enterprise networking solutions that enable customers to implement centralized policy-based management with enterprise-wide distributed deployment.

WHAT?!? You sell f*cking database software, right? With security features? Gee, hadn't thought of that.<s>

Or do you just sell the firewall? *That* sounds like a defensible position.<s>

Price-to-sales is 67 ($24B/$90M/4)

Yeah, I tried shorting that piece of dung in the April selloff and just got burned. It never gave for more than one day at a time, and I didn't have the daytrading mentality at that point. I *will* be short them in the near future, but you must realize that if BK doesn't happen, this stock will continue its moonshot. That's the most perverse thing about market action. As things are narrowing here, more people chase fewer stocks until the wheels finally fall off.

I think the wheels are falling off, so the risk/reward ratio here might actually favor playing hero and selling *before* a break, but I'd keep a really tight stop. Or if it's poots, give yourself a little time.

BC
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