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Technology Stocks : Citrix Systems (CTXS)
CTXS 103.900.0%Nov 2 5:00 PM EST
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To: Cogito who wrote (8977)7/21/2002 9:41:57 AM
From: Roger A. Babb  Read Replies (1) of 9068
 
Allen, I gave up trying to predict exact tops and bottoms. It is dangerous to be short near the bottom as the rebound will likely be sudden, big, and without warning. By the same token the market may overshoot further on the downside just as it did on the topside.

Any company with bad news will be punished in this market. And we hear about more daily.

I have always traded CTXS from the short side when the valuation was much higher. But at the current levels one would think that they can generate enough earnings to support and grow the valuation from here. Same for AAPL.

For today cash is king.
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