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Strategies & Market Trends : Roger's 1997 Short Picks
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To: Roger A. Babb who wrote (4564)8/8/1997 12:29:00 PM
From: Logain Ablar   of 9285
 
Roger:

I remembered your $54 on CTXS and closed out my position this AM.
You made me aware of a few things on the stock. A few comments.
1) I sold because the market seems to be troubled right now and with rates above 6.5% and S&P @ 938 its time to be cautious. Also less upside with downside back to $42.

2) Be careful with CTXS. They come out with a marketing release every week (although they've missed this week which is probably due to a vacation versus business) PLUS Winframe 1.7 is to be released this quarter. The stock will move up on the Winframe release and if were not in a market correction the stock will move $5 to $10 points.
(back in April, Byte magazine had a critque on the beta version and all that had was praise for the product, no bad comments at all).

3) I still like this long term but 55 trailing and 36 times 1998's earnings in a correction is dangerous.

Thanks again Roger and good luck.

Tim

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