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

To: robbie who wrote (8694)	7/21/2000 8:36:35 AM
From: Robert T. Quasius	Read Replies (1) \| Respond to of 9068

I think we're at a bottom again. I don't see much downside from here. I think any long position here is dead money for a few months, but I expect to see CTXS in at least the upper $20 range by year end, and much higher next year. I am still short Dec $20 puts, but am confident these will be OTM at expiration. If not, I'll be happy to own CTXS in December at a net price of less than $16/share. If anyone wants a good way to make a nice short term profit, write some Dec $20 puts. The current price is over $5, so the options would have to be assigned with a stock price under $15 to lose money. Of course, there is a good probability these options will expire out-ot-the-money.