Check Point Software (CHKP) Message Board

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Technology Stocks : Check Point Software (CHKP)

CHKP 182.75

+0.9%

9:34 AM EST

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To: Vanni Resta who wrote (2495)	5/12/1998 12:27:00 PM
From: David Rubin	Read Replies (4) of 7150

I'm happy for all the longs. But beware, today's action is not very encouraging. The gap up was followed by quick selling and it's been a fight to get back to 31. Looks like intra-day support is around 30 1/2. However, there is now a gap to fill and unless some more news comes out, it will be filled. CHKPF will probably close above 30 today but sellers will be back tomorrow and we'll drift back to 27 over the next few days. The shorts aren't done with this one yet, otherwise there would have been massive covering today and the stock would have gone straight up from the open. Just some observations ... good luck to all.

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