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

To: Shaw who wrote (8658)	7/9/2000 2:09:26 PM
From: Sr K	Respond to of 9068

Option positions complicate holding periods. If you buy a stock and the same day write covered calls, the holding period is normal. If you write a covered call after the purchase day, the holding period for computing a long-term gain is tolled for the period that the option is on. If you take a loss and buy a call you have a wash sale (the loss is deferred and rolled into the option transaction). If you take a loss in XYZ stock and sell a put on that stock within 30 days, you create a wash sale (the loss is deferred and rolled into the option transaction), and if the put is exercised, you wind up with the higher, rolled up basis in XYZ, and can eventually measure the gain or loss when that position is closed. If you are "waiting" for the 30 days, you probably want to wait until the 31st day to buy, or if you do not care about wash sale provisions, time it based on market, option, and micro factors.

To: Shaw who wrote (8658)	7/10/2000 9:15:41 PM
From: cardcounter	Read Replies (1) \| Respond to of 9068

Another Dain Rauscher note today.. main points 1. CTXS resellers report con't strong demand, while we expect CTXS to announce a major win w/ a large communications vendor 2. Near term reported resulted, however, will be affected by a need to reduce channel inventory and longer sales cycles of enterprise deals. --- A MSDW note on the convertibles states: "we view the CTXS 0% convertible as a more defensive alternative to the common given the recent operating and management upheaval." -- My comments: hopefully we've seen the bottom on this and CTXS will begin the long process of rebuilding credibility on the street.