Citrix Systems (CTXS) Message Board

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Technology Stocks : Citrix Systems (CTXS)

CTXS 103.90

0.0%

Nov 2 5:00 PM EST

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To: Redman who wrote (5057)	2/23/1998 10:35:00 PM
From: Al Chechatka	Read Replies (1) of 9068

This is my first response to this forum. Possibly some of the recent price pressures come from investors taking in mid-term capital gains (max 28% after 12 months). A year ago Citrix was $20(post 3-2 split). With over a 100% gain in a year, people can be taking profits. If this is true, it should be volatile for the next few weeks. (especially when people take profits when Citrix was at ($6-$10 post 3-2 split). If you notice the chart today, there was a 50,000 share block at 9:40. The stock went down $2 and stayed there all day. Also, probably people are a little nervous on the anniversary of CTXS big drop off. Feb 27th, 1997, so very short term volatility, followed by the same upward trend we've seen. I think, long term, the stock is great, with a very small caution flag on the new pricing for PICAsso and Microsoft's Terminal Server. PICAsso will complement NT beautifully and I believe Citrix and Microsoft have a strong relationship. What Microsoft also receives from ICA's strength is addition software sales on their cash cow product MS Office. (especially on ICA devices on non windows based products).

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