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Strategies & Market Trends : Take the Money and Run

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To: Lost1 who wrote (7581)	7/8/2002 7:31:01 AM
From: AugustWest	Read Replies (1) of 17639

There is some entertainment value here. Check it out. Abby Jo in Mid June: I recommended Check Point Software Technologies in January. Although the stock has fallen substantially from $46-$47 to around $15, our analyst still sees very positive cash flow. #reply-17638449 Then, just this past Friday: Goldman Sachs admitted on Wednesday that it might have been too pessimistic about Check Point’s (Nasdaq: CHKP) second quarter performance. To recap, Goldman Sachs said on Monday it was unlikely that Check Point would meet its guidance for the second quarter, and cut its estimate from consensus levels of $107 million to $103 million. Check Point’s shares lost 10.7% on Monday, but more than made up for those losses on Tuesday and Wednesday after the company sent an e-mail to investors about an upcoming conference call. The e-mail contained no pre-announcement. http://www.globes.co.il/serveen/globes/docview.asp?did=599548&fid=942

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