Stock has fabulous results last week and Citrix is down everyday this week. Can't imagine what investors want? Good management brings in solid sales verse competitors and still value seems to be slipping. Bought back 4 million shares in last 4 months. $88. seems very doable to me...Growth targets for next year are modest which inspires me as attainable. Market is down overall but this just seems to be the place to go with your cash. What am I missing - Maybe its the volumn that is affecting everything.
Be pateint my friend. I am a technical trader and I know exactly what its going to do and when its going to reverse upwards. I am invested in this stock and I am not having a panic. The stock has been moving in a pretty nice upward channel and showing a wave as it climbs. The bottom of the up channel will be $70.40 tomorrow or $70.60 Friday. If I was to guess correctly I would see a small drop tomorrow and a huge drop on Friday that then reverses to a small drop at end of day after bouncing off the channel line. Friday will have volitility and since its Friday people will be selling on a light panic because of the down week. Next week on Monday I would see a reversal after Fridays wash out from the sellers. Next week will be a nice week. I am looking for 3 or 4 bucks upwards. Hope this helps you. Dont sell and trust me. I am a professional technical trader. God bless and good luck.
By next Friday (2/15), the price will be lower than $71 (lower than today's price). The problem with CTXS is that it has earnings. Market is tired right now, so the limited money, mostly the dumb money is chasing the stocks with no earnings. The good thing about CTXS is that it won't drop as fast as those stocks with no earnings when the market crashes.