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


To: David Lawrence who wrote (5118)3/2/1998 11:29:00 PM
From: Al Chechatka  Read Replies (1) | Respond to of 9068
 
I'm sure some of it is Profit taking, but now at the low stock price
of ~$40, it doesn't make sense to take profits now unless you no
longer believe in the stock. When the stock price was $51 after
the earnings results in January this year, the maximum tax to be paid
on that is $17.60 (39.6% tax bracket) leaving $33.40. Most individuals are not in that tax bracket, so their taxes would be less.
Today the price is ~$40 and if a person waited the full year to get taxed at 28%, their tax is $9.24, leaving $30.76. Assuming people
bought in at $7.00 (split adjusted). So they are making less money
with having the intermediate capital gains rate.

I know a few days ago I said that people will be taking capital gains
at 28%. I myself have a few shares left that I bought at $8. But
doing the math, it doesn't make sense for me to sell just to get taxed
at a lower rate of 28%. Not at these prices at least...Since I still
believe in the stock!

Question: Does anybody know where I can find the short interest on
a given stock on the internet? Barrons I know publishes that on the
last week of each month. FYI on Oct 15 the short interest on Citrix was 622,000 shares.

Al



To: David Lawrence who wrote (5118)3/3/1998 2:03:00 AM
From: Cynthia Najarian  Read Replies (1) | Respond to of 9068
 
David Lawrence,

I was there last year doing what I'm doing now, scratching my head trying to figure out why CTXS dropped. Thank goodness for news releases, eh? Those dates you mentioned was when all the MSFT news was happening. I still like CTXS, will probably keep it in the ole' IRA.