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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: Hectorite who wrote (8563)	6/22/2000 10:25:00 PM
From: Chaz	Read Replies (2) of 9068

Hi Hectorite and the rest of the thread. I haven't owned CTXS for the last year and a bit. Watched it go from $29 ($14.5 post split) all the way to over $120 post split... thought I may have missed the boat. I had made some very nice profits way back when I made the decision to buy hoping that MSFT would partner with them as oppose to coming out with a competitive product. The stock more than double on the day of the partnership announcement. By the time I sold my original investment, I had a 4 bagger. This company has a great story and products, as well as great management. Remember what they got out of MSFT and how the Tech community was impressed considering that it was the first time MSFT ever paid another company a royalty of this size. MSFT knew that CTXS' products were far superior to what they could develop internally and that CTXS was resisting being taken over. This is just a slight setback. If one remembers DELL's setback in 1995 when its stock fell more than 2/3 due to its foray into selling through the channel and its notebook debacle, yet DELL recovered to become the best performing stock in the S&P 500 for the decade. I have put my money where my mouth is. I've been waiting and hoping it would fall to the mid to high teen's. On Wednesday I bought 5000 shares at 19 15/16, but after todays action, I didn't want to watch it possibly take off before I took my full position, so I bought a further 5000 shares today at 22 3/4, with my average being 21 3/8. This stock has only way to go and that's up. The down side at worst case is 16-17, but clearly it can trace back some of the damage to at least the 50-70 range by Feb 2001. Good Luck to all holders short or long term Charles

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