Hi skkumar - well, if you ve already sold the stock, there is nothing to *lose* to sign on with these people, I suppose. However, I don't know if you will get much, and it won't happen for at least a couple or more years. The only ones come out ahead are these people. If you have not sold CTXS, these people are actually getting money from your pocket. It is the moral equivalence of offering muggers of your hidden purse!
This should be examined further if the suit has any merit at all. Stock market is inherent risky business. If there is a case, some people may want to join the suit anyway, from the moral standpoint. If there is no case, and they join anyway, then they lose more than money. Personally, I will not do it if this is so. But then, it's just me.
Ultimately, use this as a lesson for future endeavor. If you think you ve made the right decision in investing in this company, and the recent turmoil is just a blip, stick to your gun. And you shall be rewarded [unless you are an options player!] If you have come to the realization that you ve made a wrong decision. Apply it to your future dealings and you may earn back more than you ve lost.
Ultimately, CTXS was a momentum play. It was not for everyone. I am sorry a lot of people got burnt. But then, I ve been burnt hundreds of times before --- sometimes worse than CTXS, morally and financially. I ve tried [sometimes not too gracefully, I ve to admit] to move on.
Just my 2c
best, Bosco |
