Check Point Software (CHKP) Message Board

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Technology Stocks : Check Point Software (CHKP)

CHKP 197.40

-0.7%

Nov 14 9:30 AM EST

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To: Maverick who wrote (2217)	4/30/1998 2:00:00 PM
From: Danny Chan	Read Replies (1) of 7150

Sometimes, breaking below a support level is not a bad thing for a fundamentally sound company, but closing below that level for two consecutive days are dangerous. So I will be watching it. As all the buys (long, shorts, Mess Makers) are expecting a support level, a reverse is more likely to happen at or briefly below the support level. There are so many cases this year already. For the ones that I have, AFCI, CIEN, CTXS. BTW, another stock is on the same boat here, TDFX. A warning from Intel smashed out a 100% earning surprise and down sharply. Good luck to all the longs here.

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