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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: up3up4 who wrote (7382)11/21/1997 1:14:00 AM
From: Dan Ross  Read Replies (1) | Respond to of 9285
 
It's pretty hard to figure out how low CTXS will go.....Roger and others have disected the stock pretty well on the thread......It is very hard to say how low....all we know is that it is overvalued right now....Most of the earnings come from an asset sale.....The possibility of the momentum taking it higher is possible....Many on the thread have had experience of overvalued stocks going higher....

I'm watching closely....might short toward the close tomorrow if we have an uptick.....Watching Dell closely also...I think it is overvalued...they report Monday..

Dan Ross



To: up3up4 who wrote (7382)11/21/1997 12:02:00 PM
From: CatLady  Respond to of 9285
 
Alex,

Re: CTXS puts. March/April would be the right time frame, as that would be after they report Q4 and 1997 earnings. But the implied volitiliy is so high right now that I didn't find any puts with a Risk/Reward ratio I liked right now.

How low could they go? That's the key. Easily to $50, just as easily to $90. I want to do some homework on whats in their new product pipeline before I commit any serious money to this one.