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Technology Stocks : Citrix Systems (CTXS)
CTXS 103.900.0%Nov 2 5:00 PM EST
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To: Innuit who wrote (8310)6/12/2000 11:11:00 AM
From: maverick61  Read Replies (1) of 9068
 
"What now? Buy, sell or hold? Or pray?"

You forget the all american choice - sue the jokers !!!

Seriously, 2 points:
1. I had some core CTXS shares in an IRA Rollover a/c - which I am holding and added to. I also had some trading shares from late last week in a regular a/c - which I sold and took a big bath on. I figure, might as well use the loss for good purpose - and offset some other gains from the year in my taxable accounts. And I'll replace those shares I sold by buying in my IRA rollover account now - as I do believe we will eventually recover - albeit it is going to take a while

2. While I joked about legal action - I am sure their is going to be some. I typically have looked down on many of the class action shark firms out there who press forward with all kinds of suits - however, CTXS mgmnt handled this so abysmally, and it was clearly obvious that the news was leaked on Thursday to the big boys, well - this is one circumstance where legal action may be justified (no, I am not doing anything - but I am sure we'll see several lawfirms who specialize in this out with news releases shortly) Like most suits filed in these circumstances, nothing will likely come of it, but CTXS mgmt is a joke given their actions of the last couple of weeks
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