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Strategies & Market Trends : Roger's 1997 Short Picks

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To: David Lawrence who wrote (9278)8/12/2000 5:37:03 PM
From: Roger A. Babb  Read Replies (1) of 9285
 
David, yes CTXS is well above my prediction and is showing strength again. I have played CTXS mostly from the short side, but also a couple of times from the long side over the past 4 years. Covered my short and no position at the moment, I strongly considered going long at $15 but feared there may be another shoe to drop.

"Stephen Dow, a director, took advantage of the sell-off to buy 100,000 shares at $15.50 on the open market." Very bullish sign in most cases, so am happy not to be short at the moment. Means another shoe is less likely and I probably missed a nice ride on the long side.....
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