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Technology Stocks : Citrix Systems (CTXS)

CTXS 103.90

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Nov 2 5:00 PM EST

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To: Mkilloran who wrote (6362)	4/7/1999 1:52:00 PM
From: Marconi	Read Replies (2) of 9068

Thanks for the NYT update Mkilloran. Best regards, BTW, I did one of my very rare market orders today during the morning spike up after the fall--I think I got filled at the intermediate high--about 32-3/4, and the most recently trades before I called the order in were at 31-1/2 to to 32 with substantial volume. That was about an unfavorable $2K walk for my broker to drop the ticket to the desk. Rats! I also thought the CBOE options quotes looked pretty cheap, but have not been doing options for quite a spell and did not have a fair sense of pricing. I had a computer glitch and by the time I rebooted to get rid of it, the options were far off what I had been eyeing keenly. I bought 20 contracts for the Apr40c's as a possible upside plum to cover for my slow-wittedness when I saw trades below 27. Well, I have vented enough. Today's action was unexpected, but did look like panic trading to me for a while. Often those are the best times to trade in opposition to the herd.

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