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


To: Cymeed who wrote (8909)9/27/2001 6:51:23 PM
From: Cogito  Read Replies (1) | Respond to of 9068
 
>>I have been undetermined about the direction of the market in recent days and wonder who would be the leaders if the market turn bullish. I now wonder if CTXS will be the new leader to lead the market up.<<

Cymeed -

I doubt that CTXS will lead the market anywhere. It's a relatively unknown stock, except among very savvy traders, institutional investors and some techies.

Today's action appears to have been sparked by positive comments from Credit Suisse First Boston and Merrill Lynch. Analysts from both companies rightly pointed out that CTXS was oversold, and shouldn't be lumped in with other software stocks.

I've been in CTXS for a long time, and I still believe they have a very healthy future. I continue to hold, even while kicking myself for not selling a year ago in March or April, when the stock was ahead of itself to a ludicrous degree.

In my opinion, Citrix is a good company with a great line of products that provide IT cost savings to corporations, and thus should be fairly recession-proof.

- Allen