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


To: jkb who wrote (2460)5/11/1998 4:57:00 PM
From: David Rubin  Read Replies (4) | Respond to of 7150
 
A desperate press release from a company desperate to stop their stock from going into the toilet.

I think Checkpoint is a great company but I sold my position today. The way this stock has behaved is beyond comprehension. Something is happening that us small guys don't know. Big institutions are jumping ship, the stock is being manipulated and heavily shorted.

Today's press release may breathe some temporary life into the stock as small investors rush in. But I'm afraid the selling is far from over in this one. I have no patience anymore.

CHKPF is at 28 1/2 now in after market. It may gap open tomorrow but the sellers will be back.

See you again at 23...