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Technology Stocks : Citrix Systems (CTXS)
CTXS 103.900.0%Nov 2 5:00 PM EST

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To: David Lawrence who wrote (5537)4/21/1998 1:44:00 PM
From: Roger A. Babb  Read Replies (2) of 9068
 
David, you folks made a bundle today and have every right to be happy about it. Have fun at the party.

I was playing a short CTXS/long IBM & MSFT spread. Covered the CTXS short this morning and took profits on an equivalent amount of IBM (they went up on reduced profits, gad what a market). Came out a bit behind, nothing to celebrate but no disaster.

My guess is that CTXS will continue up toward $80 based on the good results. Now that my short is covered, CTXS will probably drop 50% so be careful! (I am still not a long term CTXS believer and will probably short again if I can call the top)
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