Check Point Software Tech. - CHKP $219.00 +1.44 (-15.00) As we approach the end of the week, CHKP continues to consolidate, and looks as though it is setting up for the next leg to the upside. The recent pullback has been strictly profit taking, which was inevitable after climbing almost 200 points since the beginning of the year. WOW!! Looking at the most recent trading pattern, the shares continue to bounce back to the downside after hitting resistance near $228. As long as the technicals remain neutral, and the momentum players sit on the sidelines, CHKP will continue to trade in a narrow range. This momentum play is not for the faint at heart, we believe traders with the stomach for the volatility could take a position at current levels $219 or on any pullback above $209. Any major surges to the upside should be used as profit taking opportunities. Look for the recent consolidation to be settled to the upside as we approach the end of the quarter.
Thanks for the laughs. Those flatulent statements and venomous reactions are entertaining in a juvenile, sophomoric sort of way. I occasionally enjoy that weird duel of wits and the sharp edge on subtle comments. Between the bullshit waste of time messages, I've learned alot about the market, the company, and the personalities of the players on the board; and I've got to admit that I've even chuckled aloud at some of the good jabs. After all, when you get in and decide to stay long what else is there to do but enjoy yourself.