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

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To: Riskmgmt who wrote (8722)8/4/2000 10:11:01 AM
From: Innuit  Read Replies (1) of 9068
 
Some huge positive premarket buys of CTXS today. It must be because the article in Forbes. It also looks as though SCO (a competitor)is being taken over because it is in trouble.

Someone bought 117,200 shares at 8:02 this am and CTXS has been going up ever since. Ten minutes after the market opens there has already been about a half a million in volume and we're up about 2-3%. By 20 minutes 3/4 million shares By 30 minutes a 1 1/2 million . . . There certainly is interest today.

Let's hope this rally in CTXS continues. My guess is we have seen the floor and it's up from here. The road may still be bumpy but I sense that sentiment has changed (for example look at the Yahoo CTXS message board).

We longs deserve a good weekend after a dreadful month!
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