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

To: mozek who wrote (2646)	5/22/1998 1:41:00 AM
From: Roadkill	Read Replies (2) \| Respond to of 7150

I'm with you, Mike. This sector should be huge, and CHKPF appears to have the best product. I still haven't taken a position, however. I've been waiting for the right point to load up. I believe that the current general market correction hasn't even begun to run its course, so I am hesitant to buy now. The downward pressure of the market over the next few months may push us even lower, regardless of CHKPF's marvelous fundamentals. It's tough not to pull the trigger at this price, though. What's your call? Do you believe that the support at 25-26 is strong enough to hold up even if the market tanks over the near term?

To: mozek who wrote (2646)	5/22/1998 1:59:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 7150

Nice move, Mozek. That was the low for the day. Only 50› more, and after that the option should move pretty much 1 to 1 with the stock. That hammer is a pretty sure indicator of a pop up tomorrow. But not guaranteed of course. I think you're right on the reason for the drop. Lots of overhead supply above $33, so every time we hit that resistance, it fell back.