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

To: Carmine Cammarosano who wrote (2465)	5/11/1998 7:32:00 PM
From: David Rubin	Respond to of 7150

Bought at 33 thinking it was a bottom. Should have followed the 8% rule and sold at 30 but I really believe in this company. It's clear that the selling pressure is not due to the Microsoft threat alone. If so the stock would have recovered better when various articles confirmed that the Microsoft situation was pure speculation. If I knew about the press release I might have gotten $29 or maybe even $30 tomorrow, but I don't think this will be a trend reversal just yet. CHKPF couldn't go up in a strong market .. now with the market teetering on the verge of a correction, I don't think we're going to see 40 any time soon.