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


To: Mark T. Heath who wrote (5108)3/2/1998 4:46:00 PM
From: Innuit  Read Replies (2) | Respond to of 9068
 
I think I know why CTXS dropped. Look at

quote.yahoo.com

You will notice that CTXS was trading at less than 10 exactly 1 year ago. it was on Feb 26 or 27th 1997 that it dropped 60% to that level. I'll bet a lot of people bought at that level (on that day 6,000,000 shares changed hands I recall). Don't you have in the US holding periods that give you a tax reduction if you hang on to stocks for a year or more? I expect that you are seeing sales by people who have reached the 1 year threshold. We may thus have choppy sailing for a couple of months until all these tax sellers are washed out. Then CTXS should continue upwards.

Any thoughts on my analysis? Maybe I'm all wet?