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.

Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Nemer who wrote (28911)	11/19/1997 6:39:00 PM
From: Muizz M. Kheraj	Respond to of 58727

Nemer, Thanks for the concern regarding Citrix (Nasdaq : CTXS). I just got back from PT and looks like some of the reaction was WAY overdone, and that's why the stock got halted (don't know if that's legal, but it's good for me). It seems that in the after market, they went ahead and cancelled all the trades occurring between 64-66 (real nice of them) and then opened back up the options. My Dec 75 Call was at 6 1/2 bid before the announcement, 3 after. This is bad, but not as bad as 0!! CEO came out afterward and said that he does not see decreasing margins having any material effect on the company and still sees solid growth ahead. Sounds like a patch job, but one that may work. I probably will still close out my Call position, but at least I didn't lose my shirt... Muizz ** Currently in CA, CTXS, QCOM Dec Calls.