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Strategies & Market Trends : Roger's 1997 Short Picks
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To: Roger A. Babb who wrote (7257)11/19/1997 4:38:00 PM
From: Franco Battista  Read Replies (1) of 9285
 
Roger and all. It is my understanding that it is possible for a company to ask the exchange to temporarily halt the trading of their stock. It is very possible that this is what has occured with CTXS. If this is the case, then this incident and the recent heavy insider selling of CTXS, is making a very strong case that this company is more interested in its stock price than in its business. If they were the ones to ask for the halt, I wonder what reason they invoked. It is possible that they will try to do some damage control before tomorrow's resumption. They probably were caught by surprise by the sharp correction in the stock price that resulted from the CFO's comments.

I am short CTXS and not nearly as nervous as I was before this halt. By the way, most of my quote servers now show 66 1\8 as the closing price.
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