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Strategies & Market Trends : Rande Is . . . HOME
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To: Trumptown who wrote (28249)6/22/2000 10:50:00 AM
From: Rande Is  Read Replies (4) of 57584
 
CTXS HEADSUP! When a stock that is loaded in class action lawsuits, due to alleged securities fraud. . . suddenly makes a sprint northward on no news. . . it is often an indication of market makers manipulating the price higher for the purpose of liquidating their remaining inventory at a higher price. . . .also for getting their best customers out at a better price.

There may be some decent money made on the momentum here. . . but I'd be the first on the trigger to jump out.

Suggest anyone playing CTXS consider not holding this one overnight. There may be news about to be released that will slam it in the AM. . . .if anything, I would go short CTXS near the highs. . . however, there is no telling whether news will be good or bad. . . and with the current volatility. . . it may be best not to sleep long or short CTXS. . . but only day trade it.

NOTE: The one thing I would absolutely not do at this point is to start a long-term position. . . . that could end ugly, in my opinion. There are plenty of great potential plays out there. . . we don't need this one.

Now if I were forced to sleep with a position in CTXS tonight, based on my experience. . . I'd be short.

Rande Is

DISCLOSURE: I hold zero shares long or short in CTXS.
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