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: David Rubin who wrote (2242)	5/1/1998 12:36:00 PM
From: Mark Oliver	Respond to of 7150

Funny how there seems to be support, but the price keeps dropping. I watch the bid/ask lot sizes, granted a poor indicator, and they are often showing strength and the bid moves down on a little sale of less than 500 shares. It doesn't make sense. While I hate to prescribe to conspiracy, it does seem strange. Is it possible to see a strange pattern of trading that indicates a lot of short selling? Is there really any logical foundation to short this company at these prices? I've been buying a little today, thinking this will probably bounce, but like you, I have my doubts. Also, I'm no TA guy either, but it does seem obvious that there isn't much support. I don't think there's much reason without news or downgrades for it to run away down from 28, but this could be a slow death over the next week. It does seem like day traders could be buying the dips and taking the strength out of any rally as they try to catch 1/4 points. I'm not really adding anything, but it does seem a little strange. Please let me know if anybody knows of any downgrades. Has there ever be talk of Checkpoint being acquired? Regards, Mark PS Just broke through 28.