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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 659.03+1.0%Nov 21 4:00 PM EST

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To: Clint E. who wrote (15269)2/24/1998 12:31:00 AM
From: Suresh  Read Replies (1) of 68252
 
Hi Clint,

I am posting this response to your posting in CTXS thread. I usually don't like to have one sided opinion (esp. on the short side) in a particular stock's thread... Here is MHO.

in the history of MSFT... anything that is lucrative won't be left to other companies. I cannot think of MSFT leaving such a profitable business to other companies.

If they can't develop it in-house they will buy it out but not at high valuation levels. Now, the question is how much CTXS is really worth but my guess would be not worth at it's current levels. BTW, insider selling seems to be on the higher side than the normal.

I have to say CTXS is fundamental short at this point. I think the chart is telling the things to come. It is very hard to argue on the long side for CTXS with it's action based on good earnings report and stock split.

What do you think ?

Regards,

Suresh

PS: Any info on QCOM presentation today? Interesting option activity in QCOM Jan 99 60 call and MOT Mar 60 put today.
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