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


To: blankmind who wrote (2166)4/29/1998 11:36:00 AM
From: tcd  Read Replies (3) | Respond to of 7150
 
the pyschology of CHKPF has become a great stock to short, period. of course that implies manipulation, but it doesn't make too much sense otherwise.

i like your take Dr.RISK on the Foreign aspect of the stock and that ISSX is true-blue American; however, no American business is going to buy a product from an American company that is inferior to CHKPF - that would be cutting one's own throat.

the only sense to me is that some serious manipulation/short is the easiest and fastest way to make big gains on this company. and for the time being, if we're long, it would be better if we did not follow this stock, daily.

thanks to all for their great and elucidating posts

tcd



To: blankmind who wrote (2166)4/29/1998 11:51:00 AM
From: charger  Read Replies (2) | Respond to of 7150
 
The tape action is grim. I don't see any institutional buying going on. Every dead cat bounce so far has been retail buying. Most other stocks I follow have gotten good bounces the last couple of days. If I am a barometer of sentiment on this stock, it's time to buy. This one could really get crushed on further market weakness...that's the only thing keeping me from pouncing. Regards