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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Tom L. French who wrote (3241)	11/19/1997 7:51:00 PM
From: Redman	Read Replies (1) \| Respond to of 95453

Tom, Please remember, fundamentals are everything in the stock market. Just because a stock price gets whacked does not necessarily say a damn thing about the company itself. For example, I bought a stock called Citrix Systems (CTXS) in late November of last year. In Feb. Microsoft said they were "thinking" about doing the same thing, ctxs went from 50 down to 9.75 in three days. Every major online newspaper and columnist said they were doomed. After those comments and a two weeks of research, I realized that NO fundamentals have changed in the company and if msft wanted in, it would take them at least two years to have anything comparable. The stock rebounded back to the forties in May when they announced msft will license their technology. This stock is now in the high seventies, at least until today when it got swacked again on bad reporting, but I will leave that in my PS.. Point is: When everybody says this sector is doomed and is selling, we should be buying madly. My only question to Thean has been to try and get a descent feel where the bottom is. Keep the faith and I believe this is a good spot to buy, especially MAVK and GIFI. Both held their spreads from 11am central to the close. CONSOLIDATION !! ps: If ctxs opens up tomorrow under 70 load up. A reporter wrote that they were taking a huge write off and will have decreasing margins, when the company took the write off last quarter for an acquisition(which came in at $4M instead of $4M as stated in the earnings) and the CFO stated in the earnings release that to expect such great margins to last would be very aggressive, JUST like msft and intc does. BUY THIS STOCK under 70. Sorry about the long winded post, it won't happen again. red