Check Point Software (CHKP) Message Board

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Technology Stocks : Check Point Software (CHKP)

CHKP 164.33

-6.8%

12:09 PM EST

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To: P.M.Freedman who wrote (5738)	5/9/2001 12:10:39 PM
From: rogeccentric	Read Replies (1) of 7150

CHKP seems stuck in the mud around $66. Can't understand WHY there are more and more shares hitting the Ask day after day than the number of Bidders. How long before the stock can build some upside and move toward the 100- and 200-day averages in the low $70's? The 50-day avg. is acting like a major drag magnet on it, with the never-ending supply of Askers pushing every small rally above $66-$67 right back down to $65-ish. Meanwhile, each and every super-Ultra-MEGA-INFLATED Networking stock under the sun--with either 150 P/E ratios or NO P/E because they'll never earn a penny in the life of the company--well, those balloons just keep on a soaring higher and higher and higher and higher and higher! GEEZ!!! Brocade MAY earn 6 cents for the quarter, up a penny from the 5 cents estimate but down from the original 11 cents projection, and oooh boy, just look at that blimp defying gravity and being snatched up bigtime on every minor dip in the mid $40's. And then we have CHKP, which although its P/E is up there, is certainly not stratospheric by ANY means, and no matter WHEN the goshdarn heck you check the quote, you NEVER see Bidders outnumbering Askers. WHAT IS WRONG WITH THIS PICTURE, FOLKS??? WHO THE HELL KEEPS SELLING EVERY 10-CENT UPTICK?????

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