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

To: P.M.Freedman who wrote (2359)	5/5/1998 1:02:00 AM
From: Danny Chan	Respond to of 7150

Analysts are always conservative in setting price targets as it hurts their reputation if the target is not realized. They will be raised if CHKPF consolidates in the 40s after the future earning reports. The only crazy one I see is the $100 target for RMBS, not once, but twice. The sentiment can be changed overnight, but the stock will still be volatile for the next few weeks. Learned some lessons from this stock in the past few days: 1. Too positive a sentiment for the stock is not good. (This one shocks me most) 2. Never fell in love with a stock. 3. TA without fundamental is useless. 4. TA for stocks with short trading record is less dependable. 5. Sell when the sentiment finally turn deeply negative is the worst it can be. 6. Don't think that MMs or institutions know something that you don't. Their advantage is the capability of data mining. There will be more to learn in the future. CHKPF is a great stock for both trading and holding.

To: P.M.Freedman who wrote (2359)	5/5/1998 1:16:00 AM
From: Danny Chan	Respond to of 7150

To All. The article at globes: globes.co.il It was interesting that it compares the action with GALTF recently. I checked the two graphs. CHKPF is just about 1-month phase shift from the GALTF's chart. As the article pointed out, both stocks moved solely based on speculation. GALTF was more volatile due to its lower float. But it recovered nicely from the recent decline. I think CHKPF will be moving slowly to about 40 in the next 2 weeks.