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

To: Vanni Resta who wrote (2612)	5/20/1998 7:04:00 PM
From: P.M.Freedman	Respond to of 7150

No matter it up or down, CHKPF is now one of the best trading stocks on the Street. Both daily volumes and volatilities are just perfect. More than 45% of trading went through GSCO. Other MMs were only able to play short time quick games. This stock is crowed with traders who want to make quick money. I think the current trading patterns will last awhile until traders feel tired. Good luck!

To: Vanni Resta who wrote (2612)	5/20/1998 7:35:00 PM
From: TheTruth	Read Replies (1) \| Respond to of 7150

Again, you are not listening to what I am saying, you said: "GSCO may be on the ask side, but another house may be making the sales, without showing up on your Level II. You overlook this" If GSCO is on the ask side and another house is making the sale this is what drives down to bid and the price. What you can tell from a level II is anyone who is buying from GSCO when he is on the bid alone and doesn't move. This is clearly GSCO selling the shares. I've bought thousands of shares this way from him, it tells me because everytime I buy shares it tells me which MM sold them to me. This is how a level II works. Sure we get this information on the screen, but its how you organize this info. dynamically that helps you. You Said: "Yes they have been on the sell side a lot, and probably even selling a lot, on behalf of several different mutual funds and institutional investors. But so what? All that tells us is that a lot of money managers want to get out of this stock right now. But we already knew that from looking at the price chart. " But so what. Its crucial information that's what. Its not important if you just look at this on a certain day, but the information gathered on a ongoing basis is very valuable. Its easy to determine that some house out there is using GSCO to trade this stock, so sure its important to me finding out who the big MM's on this stock is, because anytime they buy or sell this issue it gives us a indication to some selling or buying pressure going on, especially when this amount of volume is concerned. Unless you sit there and constantly look at these MM's & what is happening during market hours (which I am sure you don't, and if you did which is still impossible). your argument is your opinion, and is incorrect. We have the hard core data to back this because our system goes beyond the visual basis of the level II which you and many others see. We collect this data on a daily basis about all MM's on any stock. By doing this we can see what a MM's net position is and how he is trading this stock, daily, monthly, etc. I sympathize with you and how you are stuck on this one belief. I can understand how that can become frustrating without all the facts. Its like driving a car with a blindfold while taking directions from someone who can't see. A level II gives you some direction or idea of what's happening but what's happening in the background is more important. Good Luck Investing......

To: Vanni Resta who wrote (2612)	5/20/1998 9:12:00 PM
From: charger	Read Replies (2) \| Respond to of 7150

The move today confirms my suspicion that something ugly is hiding under the bed that us little guys don't know about. The MSFT announcement last week was a smokescreen and I'm sure the big money was bailing then just as they are bailing now. I have a feeling that someone other than MSFT has CHKPF on their lunch menu, or maybe a bad quarter is coming I don't know. The fact is that the chart looks like crap. Even if a rally starts from these levels, you've got tons of overhead supply to deal with...maybe I'll pretend I'm a value investor at 25. Regards