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

To: Redman who wrote (6056)	1/20/1999 10:54:00 AM
From: Mark T. Heath	Respond to of 9068

Yes, let's hope. Otherwise, I've picked a bad entry point. The stock has always been a roller coaster. I was thinking with the change of heart at MSFT, now was a good time to reenter the stock.

To: Redman who wrote (6056)	1/20/1999 11:48:00 AM
From: David Lawrence	Read Replies (1) \| Respond to of 9068

I would have fared a hell of lot better if I had sold my puts on either Friday or today. Yet another case of poor timing. :-(

To: Redman who wrote (6056)	1/20/1999 12:22:00 PM
From: mauser96	Read Replies (1) \| Respond to of 9068

A run up before earnings in tech stocks is typical of this market. If there is a blow-off, the stock pops more (MSFT today) if not it falls back some (CTXS today). This is particularly true if earnings visibility is dubious.In the medium term it is meaningless. At the conference call Citrix said that they had new contract wins at Motorola, Intergraph, and best of all Compaq. Lots of new customers, but also important is that half it's business is coming from existing customers. This must mean they are happy with CTXS products. They were guarded in in trying to determine the impact of MSFT's lowered license fees. (IMHO, this is quite important). The present P/E of 42 on 1999 estimated earnings seems very reasonable considering the general market. It's my guess that 1998 -1999 growth will exceed this P/E.