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Technology Stocks : Citrix Systems (CTXS)
CTXS 103.900.0%Nov 2 5:00 PM EST

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To: jhg_in_kc who wrote (7695)3/30/2000 2:59:00 PM
From: Chuzzlewit  Read Replies (2) of 9068
 
jhg,

You sure can cut a company's price in half without bad news, and I've been warning you about this kind of thing for some time. The problem with the tech market is that it is still terribly overheated and seems to be dominated by momentum players and day traders.

Citrix is a wonderful company, and I am looking to get back in, but at a price that makes some fundamental sense.

There was no rhyme or reason for the stock to run from around $25 to well over $100 other than it caught the fancy of some Wall Street touts, and when these same touts bale because of a whiff of negative news (in this case, a rumor of a back-end loaded quarter) the stock is likely to trade down below its fundamental value (as in the case of LGTO).

Good luck to all.

TTFN,
CTC
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