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Technology Stocks : Citrix Systems (CTXS) -- Ignore unavailable to you. Want to Upgrade?

To: Redman who wrote (5057)	2/23/1998 8:14:00 PM
From: Andie Wei-Ku Lin	Read Replies (1) \| Respond to of 9068

On all the other times when CTXS has bounced sharply upward after pulling back, it has remained about the 100 day moving average. This past pullback, we are well below it, and thus below key support. Also, today's price patter is very bearish, as we opened higher and closed literally at the very low of the day. While it is possible for CTXS is have a bounce from here, any bounce should stop around $46 1/4 or so, IF it even gets that high. I am also long CTXS, and am concerned about its inability to keep pace with the broader market. The only positive I see technically is that today's high was higher than yesterdays, while we were able to keep from making a new daily low. On other comment, which is not criticism at all, but an observation. It seems that the majority of posts on this thread revolve around the business aspects of CTXS and its relationship to Microsoft, etc., and little to do with the stock itself and how it moves from day to day.

To: Redman who wrote (5057)	2/23/1998 10:35:00 PM
From: Al Chechatka	Read Replies (1) \| Respond to of 9068

This is my first response to this forum. Possibly some of the recent price pressures come from investors taking in mid-term capital gains (max 28% after 12 months). A year ago Citrix was $20(post 3-2 split). With over a 100% gain in a year, people can be taking profits. If this is true, it should be volatile for the next few weeks. (especially when people take profits when Citrix was at ($6-$10 post 3-2 split). If you notice the chart today, there was a 50,000 share block at 9:40. The stock went down $2 and stayed there all day. Also, probably people are a little nervous on the anniversary of CTXS big drop off. Feb 27th, 1997, so very short term volatility, followed by the same upward trend we've seen. I think, long term, the stock is great, with a very small caution flag on the new pricing for PICAsso and Microsoft's Terminal Server. PICAsso will complement NT beautifully and I believe Citrix and Microsoft have a strong relationship. What Microsoft also receives from ICA's strength is addition software sales on their cash cow product MS Office. (especially on ICA devices on non windows based products).