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: David Lawrence who wrote (5118)	3/2/1998 11:29:00 PM
From: Al Chechatka	Read Replies (1) of 9068

I'm sure some of it is Profit taking, but now at the low stock price of ~$40, it doesn't make sense to take profits now unless you no longer believe in the stock. When the stock price was $51 after the earnings results in January this year, the maximum tax to be paid on that is $17.60 (39.6% tax bracket) leaving $33.40. Most individuals are not in that tax bracket, so their taxes would be less. Today the price is ~$40 and if a person waited the full year to get taxed at 28%, their tax is $9.24, leaving $30.76. Assuming people bought in at $7.00 (split adjusted). So they are making less money with having the intermediate capital gains rate. I know a few days ago I said that people will be taking capital gains at 28%. I myself have a few shares left that I bought at $8. But doing the math, it doesn't make sense for me to sell just to get taxed at a lower rate of 28%. Not at these prices at least...Since I still believe in the stock! Question: Does anybody know where I can find the short interest on a given stock on the internet? Barrons I know publishes that on the last week of each month. FYI on Oct 15 the short interest on Citrix was 622,000 shares. Al

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