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Technology Stocks : Check Point Software (CHKP) -- Ignore unavailable to you. Want to Upgrade?

To: Spytrdr who wrote (5741)	5/9/2001 5:48:54 PM
From: rogeccentric	Respond to of 7150

So, Spytrdr, apparently you're implying that CHKP, in addition to the majority of the Nasdaq, are about to fall over the edge here again, doomed for a new leg to the downside where even LOWER lows are to be set. Is that what you're saying? Or is it more a CHKP-specific breakdown your trend analysis and technical configurations are prognosticating? I've seen your calls for $40 and $20 for this stock here. Based on what? Market cap? PEG ratio? I'm just not sure what info/data/figures you're using to justify this predicted Checkpoint crumbling. Software stocks pretty much across the spectrum all sporty anywhere from lofty to downright ridiculous valuations, so unless you see problems most observers do not that pertain to CHKP, can I presume you envision the whole software sector succumbing to a broad-sweeping wave of distribution? Barring outright economic calamity in the next several months, a forecast saying CHKP could lose up to 2/3rds of it market value seems wildly absurd. But I'm willing to listen to your rationalizations so that I can allow them fair consideration. Oh, and your thoughts regarding the many pie-in-the-sky hardware/equipment stocks would also be appreciated. Are they also readying for another selling spree? Thanks in advance for your comments!