Citrix Systems (CTXS) Message Board

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Technology Stocks : Citrix Systems (CTXS)

CTXS 103.90

0.0%

Nov 2 5:00 PM EST

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To: Stonehenge who wrote (6836)	7/26/1999 11:35:00 AM
From: Marconi	of 9068

Hello Stonehenge: I am waiting for MACD (buy side) to cross over the short term stochastic below the zero line using Ask Research's site: askresearch.com A long URL. Most charts indicate downward movement with money flowing out of the stock. I view this as a normal correction. I will probably buy back 500 short shares every 3 or 4 points with today's target just below 48. I think there is a chance for the stock to rest in the low 40's, presuming the market in general does not have a downdraft with the yen carry trades (and US treasuries coming back from Japan instead of flowing there) or Red China threatening war with Taiwan. I think a plunging dollar could use a boost from a rate increase to moderate things. Mr. Greenspan is roiling into uncharted waters--fortunately he is cautious and smart and seems to hold a genuine interest in doing his job well. Best regards, m PS I expect CTXS to hit 60 again yet this year. But for now a little correction is appropriate--the stock has had a peculiarly long linear run up beyond mid-50's. I believe they are in business now as compared to the dicey situation 2-3 years ago, and remain a going concern. I do not understand managements babble about the business. The numbers are reasonably healthy and they do not seem critically dependent on Microsoft's good will to survive.

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