Possible Huge Position

[KellosJ]

I am seriously pondering a huge position in CTXS (Citrix). The usual CM technical analysis would be wonderful, as I am about to pull the trigger on a huge long term hold, but maybe I should wait a few months to buy in? Any advice would be great.

[whodi]

I am personally not a big fan of the company. Obviously that doesn't mean its not a great buy for a long term hold. I am sure there are a lot more stocks out there that would be better longterm holds for a huge position.

[FBHERO]

chart looks bad short term I would wait til mkt cools out, you might miss 2-3pts but long term that loss will be meaningless, but short term mkt tanking could really hurt..

example.. when the stk is at 100 in 3 years, you will not be kicking yourself that you bought at 38 instead of 36.. but you will kick yourself if you buy now at 36 and 2 weeks from now the mkt tanks again and CTXS is trading at 32..

GL

[KellosJ]

Originally Posted by whodi

I am personally not a big fan of the company. Obviously that doesn't mean its not a great buy for a long term hold. I am sure there are a lot more stocks out there that would be better longterm holds for a huge position.

Any reason in particular that you do not like the company? Software, support, management...?

[KellosJ]

Originally Posted by FBHERO

chart looks bad short term I would wait til mkt cools out, you might miss 2-3pts but long term that loss will be meaningless, but short term mkt tanking could really hurt..

example.. when the stk is at 100 in 3 years, you will not be kicking yourself that you bought at 38 instead of 36.. but you will kick yourself if you buy now at 36 and 2 weeks from now the mkt tanks again and CTXS is trading at 32..

GL

I do see this stock hitting atleast 50 by the end of 2009...appreciate the input FB

[Sinister Minister]

I'm in IT and actually do a lot of work with citrix, they are doing quite well as a company and after their last acquisition, a company called Netscaler which proved to be VERY successful, they are looking for more to expand their offerings. I think its a a solid company

[whodi]

Originally Posted by KellosJ

Any reason in particular that you do not like the company? Software, support, management...?

It does have a nice P/E, gapped up, closed the gap and looks to be heading higher, it just doesn't move that much for me, a little boring IMO, but as I said, its long term, and it is does have good software. Software company's usually have strong 2nd halves. This would be a good entry point for you. One rule of thumb though, for long term investing, if the stock drops under 10% from where you got it, you should definitely sell because its obviously not moving in the right direction for you.

Check out BRCM for a hold until around December, again, usually strong 2nd half and traders usually start taking profits around the holidays if it has had a nice run up.

http://finance.yahoo.com/charts#char...urce=undefined

[KellosJ]

Entered CTXS @ 33.99 today...I waited and it paid off

Lets go Citrix 2nd half! GL all.

[Goods]

Nice call waiting for the drop KellosJ. Good luck long term. Holding up nicely after the big dip today.