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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Michael Rich who wrote (15966)	12/27/1997 9:21:00 AM
From: Logain Ablar	Read Replies (1) \| Respond to of 50167

Michael: Re: CTXS. No split last year. Quick garbled history on stock action. CTXS had a falling out with MSFT. The stock saw a high in the 50's it retreated to the low $30's and then the announcement where MSFT would not be renewing some licenses (and stock went from low $20's to $11 and eventually $9 and some change if I remember right). Stock bounced between $10 and $15 for 2 months as shareholder lawsuits were announced and then moved to high teens (while negotiations were in process with MSFT). MSFT caved in in May and stock jumped from 19ish to $35 on one day (MSFT entered into licensing deal for NT 5, $100M and other payments of I think $50M). Languished there until Fed didn't move rates and then moved to mid $50's and retreated to mid $40's right after 2nd qtr earnings release (in July). Moved back to high $50's and when 3rd quarter earnings were 33% (I was out of stock by this time and forget the exact %) over forecast stock jumped to $78 (right before Oct. crash where stock retreated to $60 and bounced back to $75. For my 2 cents the stock still has potential although it is trading at a high multiple. Mohan is shorting this due to Roger Babb's comments. Roger has been against the stock since it was in the teens. The company has some good aliances with MSFT & COMS and others? Ray Smith is still invested and can provide more perspective. Tim

To: Michael Rich who wrote (15966)	12/27/1997 9:43:00 AM
From: W. Clinton Terry	Read Replies (1) \| Respond to of 50167

Michael: Judy referred me to this post as indicating the measures she uses. Could you please tell me what 9BB,20BB,and 10W%R refer to. Thanks. Clinton

To: Michael Rich who wrote (15966)	12/27/1997 7:19:00 PM
From: Judy	Read Replies (1) \| Respond to of 50167

Michael, Yes ... Tim has answered about CTXS. It was a swan dive, not a split in Feb. On the quality stocks that you wish to accumulate ... my sense is to buy cheap protective puts before taking positions. The puts may offer more protection and alternatives in various markets than going long shares and covering them. One can spread near-month puts against the long puts if the stock is stable and stalling; one can leg into shorting higher-strike puts with protection from the cheap puts if the stock is in a trading range and sentiment is neutral; one can leg into going long leaps if the stock looks to have based while the market is still vulnerable. Oh, I bought AMAT puts on strength last week ... ready to implement these strategies as appropriate.