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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?


To: DMaA who wrote (8622)11/5/1997 2:09:00 PM
From: Greg Jung  Read Replies (1) | Respond to of 22053
 
CTXS is a bought.

Try INSGY



To: DMaA who wrote (8622)11/5/1997 4:01:00 PM
From: David Lawrence  Respond to of 22053
 
CTXS is there only as a "buy on a correction, sell on the rebound". I have no intention of adding to my existing "long" position.

Chronology: $60+ stock. Starts to drop dramatically as there are hints relicensing agreements with Jim Allchin aren't going well. I buy at $32, thinking it's a steal. Two days later, Microsoft lies and says they are well along on their product, and won't relicense from Citrix. Three days after buying at $32, I'm looking at a $9.50 market quote. I moves around the low teens over the next few days/weeks, as evidence mounts that MSFT is full of crap about their own development status, and the industry and press starts to rally around CTXS as yet another case of MSFT eating its own young. I double my position at $12, as the cries of "Citrix is history" become louder. Deal is announced - price jumps to $34, I sell my original $32 shares, and am the prowd owner of $12 shares, currently valued at $75. All of this occurred within the last few months.

A horror story with a sweet ending. But, lots of "sweat" equity, I'm here to tell you.