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Technology Stocks : Check Point Software (CHKP)
CHKP 185.20-1.1%12:12 PM EST
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To: jkb who wrote (1687)2/18/1998 6:25:00 PM
From: roger  Read Replies (1) of 7150
 
Jay,

This is just my observation and opinion.

1) The chart looks good. Volume is there. There were a few pull
back but it recovered & lead the market.

2) The negative sentiment that drove the stock down seems
to be abating. It took a few weeks but it seems done.
So barring any vaporware announcement from MSFT,
we should be OK for now.

3) Forget about the mideast. I don't think there will be a war.

4) Here is something to worry about. March is coming up.
It's prime earning warning season. There might be something
that can cause the market to go crazy. Ex intel or ibm.
Something like that. So keep an eyes out.

5) I figure chkpf has something like 3 weeks to run. We are at 42.
50 is only 8 pts away. We should be able to make that.
We might be able to go 60. Don't hold me on that.
I sold off everything else. I will buy on the dip.
Hold till early march and see what happen along the way.

My opinion is that we have the wind on our back. The best time
to buy was at 30 a few weeks back but that's hide sight. We are
at 42 now and still get a way to go. Worst come to worst, 1Q earning is 2 months away and WS is expecting 32 cents *grin*.

These are all just my opinion. Your decisions are yours.

By the way, don't laugh at the price $60. We can get there.
It's still cheap. But that would be a time to sell.
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