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

To: Chuzzlewit who wrote (7769)	4/3/2000 12:41:00 PM
From: Dinesh	Read Replies (1) \| Respond to of 9068

CTC sO, how do you account for this risk/safety perception in your model ? There was a model published in WSJ a few weeks/months ago that talked of relative size v/s market capitalization. This was a straight line when plotted on a log scale. The sample space was limited to hi risk hi tech stocks (net stocks?) I think that the model itself may vary from industry to industry because of a, different capital structures and b, the speed of change and adoption in their marketplace. What works for GM will not work for CSCO. Their is at least some value to a story too, as in case of MO or MSFT. Since much of the humanity lives on hope, I wonder if the story is really everything! Random Walk - I'll check out the book. I remeber the title from a while ago. Doesn't it conclude that there is no beating the market ? Regards Dinesh

To: Chuzzlewit who wrote (7769)	4/4/2000 8:54:00 PM
From: JMD	Read Replies (1) \| Respond to of 9068

CTC, I have followed your lucid and extraordinarily well written posts for some time. Those over this past weekend on the CTXS thread have been among the best of a very good crop indeed. In part (but only in part) because the 'weekend series' focused on cash flow as one of the key determinants of value. I have attempted (pleaded, begged, screamed, etc.) to convince my 24 year old genius son to look at any given stock as if he were buying the local bar on the corner. When I 'reduce' valuation theory to investing in the nearest watering hole, he has no problem understanding cash flow and immediately seizes on paying a price which is {intimately} related to it. Let the topic turn to buying 100 shares of HYSTERICAL.COM however, and poor old Dad just doesn't 'get it'. I was actually going to send him your posts but figured that your version of events, however eloquent, would fall on the same dumb, deaf ears: buy HYSTERICAL cuz it's going up and the hell with the cash flow. Fortunately, Monday and Tuesday came to my [our] rescue. HYSTERICAL ain't looking so hot, and that crummy old cash flow is looking pretty warm and fuzzy. Keep posting CTC--much appreciated. Mike Doyle