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

To: Frank who wrote (2164)	4/29/1998 10:22:00 AM
From: DRRISK	Respond to of 7150

"I'm saying this because I'd like your opinion on the psychology of the stock not its, "Support level." This is a sincere request and is not intended to be specious or condescending. Please share your feelings." You did not ask me but here goes. The psychology sucks because the F after the stock stands for four letters and it will continue, IMHO, to haunt it. The Internet is an American Deal for now and I think that the lead that CHKPF has is a testimony to their brillance but the hand writing is on the wall when a ISSX can perform in the market like it has, the Americans have landed and the market will coronate not by the technology. Chkpf needs to be acquired to survive. IMHO DrRisk FWIW

To: Frank who wrote (2164)	4/29/1998 10:59:00 AM
From: blankmind	Read Replies (2) \| Respond to of 7150

look at 30 to be resistance, chkpf had trouble breaking this on the way up and nearly tested 30 in march, and is almost testing 30 again. if one has not sold, it is to close to resistance to sell now until chkpf breaks 30. if anything, if one does not mind risk, this is a time to buy, not sell, unless one truly believes chkpf is headed lower. chkpf already broke the 200 and 50 dma, without hesitating (big negative). hopefully history repeats itself on chkpf.

To: Frank who wrote (2164)	4/29/1998 2:43:00 PM
From: David S.	Respond to of 7150

Okay. You want my honest opinion. I think the stock is great, and we will all make money on it on the short term. However, I want the lowest price, as I am sure others do. Some, are willing to buy it anywhere close to the lowest, as long as they make a profit. I personally like to maximize my profit, without getting sucked in by greed. I play both short and long term. Back to the stock; My observation has been the "Psychology" or perception for the stock is a little weak right now. That is why the positive swings were nil today on up swings of the DOW. My biggest fear is that the rumors might be true about the report numbers borrowing from next quarter, which means things are not as good as indicated by the report. Right now, I could care less about a "potential" threat from MSFT or CSCO. I've looked at the past EPS for the stock and the estimates for them, and everything looks good. Not only that, they consistently have met or exceeded estimated. Now that is impressive, and a sign of good management. It is this that make me believe that their report was accurate. To summarize it all. The reasons I am not jumping back in yet are for the following reasons: 1) At the beginning of this week, many were expecting the DOW to drop to about 8400. Since CHKPF follows the DOW so well, I'd want to wait and see. 2) I want to see the bad feelings regarding the manipulation of the report numbers go away. This can also be seen by better support of the stock. 3) I won't be trading next week, and I don't want to get stuck with any stocks at the end of this week. Except for my medium, and long term holdings. 4) I did not like the weak support for the stock today; especially while the DOW was moving up. 5) I rather wait for a down day in the market before I buy. The "psychology" for this stock indicates lots of anxiety, by which I mean people want to buy and are waiting to buy. The moment the stock begins to move up, many jump in, not wanting to miss-out and end up buying higher.