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


To: David Perfette who wrote (6527)5/12/1999 7:17:00 PM
From: David Lawrence  Respond to of 9068
 
I was watching Level II trading today. Lots of profit taking at $50. Plenty of buyers, but it has some supply to work off at $50 before it moves on. Not surprising considering the excellent recovery in the last 3 weeks. I was tempted to take profits too, but the strong accumulation is convincing me to hold on. Love the "flag" formation followed by the renewed breakout today. I predict a new all-time high in a matter of days.

With expiration nearing, expect some wild intra-day swings over the next week+.



To: David Perfette who wrote (6527)5/12/1999 10:25:00 PM
From: Mike Buckley  Read Replies (1) | Respond to of 9068
 
David,

I don't know what to think about buying in at this level. I haven't run any valuations lately so I'm not up on the latest and greatest. And I'm usually the world's worst when it comes to predicting short-term movements, so I don't try.

There is a tendency for the stock to rise as the earnings report approaches and fall after it is made. That might help you.

I'm still a believer in the client-server method of computing, the adoption of Citrix's product and the growth potential. In the long term I'd be a buyer at almost any level that isn't absolutely insane.

--Mike Buckley