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: Daniel Simon who wrote (8530)	6/21/2000 7:34:00 AM
From: wrm1	of 9068

Daniel, Your opinion regarding the reaction of this situation is consistent with mine. The initial fall (oversold) then a short recovery followed by another selloff (current) is classic. Not withstanding all the technical discussions regarding CTXS software, the stock pricing is classic for the rebound you mentioned. I believe the 20% further selloff is consistent which would place the pricing after the initial plunge at $18. This seems extreme and would occur if market conditions or further negative announcements occur. In a previous post I asked the question about the earnings announcement and the possibility of good news at that time. Maybe one of those long term contracts being closed a little sooner than anticipated. This news, or any good news would be a new beginning for stock price activity with a solid base. WRM1

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