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Technology Stocks : Citrix Systems (CTXS) -- Ignore unavailable to you. Want to Upgrade?

To: Herc who wrote (7141)	11/12/1999 6:52:00 AM
From: Riskmgmt	Read Replies (1) \| Respond to of 9068

Herc: >>I shorted a little today because the NASDAQ is up 11% from its July high, the average NASDAQ runup is about 9%, and CTXS is bumping up against resistance with support a way down, CTXS had a bearish engulfing candlestick today, is touching an hourly support of 76, and was up about 30% IN A WEEK. So things look a little over extended.<< Thank you for your thoughts. I would be careful with your shorts here the market wants to go higher. I think that with this particular stock you may be correct, it had a nice run and is due for a pull back. However, do not use this across the board or you will get killed. Go take a look at SUNW, CSCO and QCOM and you will see what I mean. Good luck, Ray