Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: skkumar who wrote (8501)	6/19/2000 4:50:00 PM
From: Bosco	Read Replies (3) \| Respond to of 9068

Hi skkumar - well, if you ve already sold the stock, there is nothing to lose to sign on with these people, I suppose. However, I don't know if you will get much, and it won't happen for at least a couple or more years. The only ones come out ahead are these people. If you have not sold CTXS, these people are actually getting money from your pocket. It is the moral equivalence of offering muggers of your hidden purse! This should be examined further if the suit has any merit at all. Stock market is inherent risky business. If there is a case, some people may want to join the suit anyway, from the moral standpoint. If there is no case, and they join anyway, then they lose more than money. Personally, I will not do it if this is so. But then, it's just me. Ultimately, use this as a lesson for future endeavor. If you think you ve made the right decision in investing in this company, and the recent turmoil is just a blip, stick to your gun. And you shall be rewarded [unless you are an options player!] If you have come to the realization that you ve made a wrong decision. Apply it to your future dealings and you may earn back more than you ve lost. Ultimately, CTXS was a momentum play. It was not for everyone. I am sorry a lot of people got burnt. But then, I ve been burnt hundreds of times before --- sometimes worse than CTXS, morally and financially. I ve tried [sometimes not too gracefully, I ve to admit] to move on. Just my 2c best, Bosco

To: skkumar who wrote (8501)	6/19/2000 9:51:00 PM
From: Hectorite	Respond to of 9068

sk, I respect Bosco's comments, but I'd state my opinion more bluntly : IGNORE THE LAWYERS. This is pure ambulance chasing. Citrix's is having a business execution problem. It is not illegal to make business mistakes. Class-action suits following big drops in market cap are now standard procedure, regardless of any real or imagined wrong doing, but all these suits accomplish is further damage the company and enrich the lawyers. Its funny how people only get outraged enough to turn activist when they are personally damaged. I'd like to see these lawyers do something useful like attack the issue of the vulgarity we call "executive compensation" in many of the public traded companies of this country.