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


To: David Montgomery who wrote (7835)4/16/2000 8:39:00 PM
From: Innuit  Read Replies (1) | Respond to of 9068
 
All the bad news is in. I hope.

Greenspan wanted stocks down and the bubble burst. It burst.

MSFT is in a fight to the death with DOJ. Uncertainty has killed its price, and done much damage to the "plaintifs as well.

The inflation that everyone warned about raised its head and as one of the wonders of the Internet there were instantly 2 billion sell orders around the globe. The S&P futures went from +5 to -infinty in seconds. I'm exaggerating, but not by much.

One question: how can they remove the energy prices from the consumer price index, since everything went up a bit because of higher delivery costs. How do you remove energy cost from the consumer price of lettuce for example. The data is misleading. In any case, where I live gas prices are down 18 % in one week.

It is too bad that such macro issues affect the price of a terrific company like CTXS. This oversold situation will be with us for a few days (only, I hope)and then maybe reason will prevail. I believe that at these levels and a low market cap now (less than 10 billion-- about the same as Transocean Sedco)it has become a takeover target for a company with cash. MSFT has 14 billion--but it will need some of that to settle the case.