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

To: P.M.Freedman who wrote (1787)	3/12/1998 10:17:00 PM
From: jkb	Respond to of 7150

Tomorrow's action should be interesting. ORCL reports in-line estimates with better than expected performance in areas. ORCL will get an upwards pop in the morning - let's see what that does for techs. Also Hong Kong and Japan up significantly (Japan over 3% right now). Perhaps CHKPF will get a nice little pop as well tomorrow - this stock is certainly deserving of that.

To: P.M.Freedman who wrote (1787)	3/13/1998 11:30:00 PM
From: Danny Chan	Read Replies (1) \| Respond to of 7150

CHKPF is ready to move up again. I first bought CHKPF last Aug and have been buying ever since. I think it's the best but under valued sw company that I know of. Traded just 26 times 98E and 21 times 99E with conservative long-term growth of 35%, I just feel so sorry about it. Another factor is the tax rate kick-in, so that EPS growth doesn't look too strong 98-97. Technically, it looks fairly good. Back in last week when CHKPF is at 40s, I saw heavy daily short selling activities so the price didn't move up as NASDAQ setting records. Now we have consolidated at 35. Today is the first day since last week that I don't see much short selling activities so the price moved up. Overall, CHKPF is not a famous stock, so it doesn't draw most investor's attention and it becomes short seller's game to move the stock down on low volume. I can see smart people is really accumulating the stock. I think we'll have another 2 month of time at most to buy it at this price. Technically, it looks a lot like PMCS last fall (my other favorite stock).