Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: PMylnar who wrote (1811)	3/17/1998 4:55:00 PM
From: Danny Chan	Respond to of 7150

I think you've made a point. It's demonstrating the same trading pattern like last summer. The last runup contains a 10-point jump. I doubt we'll see it this time since the street expectation is already high. $65 1 year target is achievable based on 35 times 99E of 1.83. Today's action sounds very positive to me. small blocks from 5k to 10k shares, mostly buys. Some short activity in the first hour, but nothing after that. 40 some mar 40 calls were traded at 3 7/8 were all buys based on the 40 5/8 stock price at the time. Tomorrow's opening action will be important. We'll see.

To: PMylnar who wrote (1811)	3/17/1998 7:07:00 PM
From: David Rubin	Read Replies (1) \| Respond to of 7150

What you say is possible. The real test is the next week or so. We can easily form a triple-top in the 41-43 range, then head south again. But the difference this time is that there probably won't be as many shorts on the way down, and I think accumulation will occur. If something rocks the tech sector anytime soon I think we'll see 36 again. Otherwise we may be headed for new highs.