I�m a little guy that ended up getting caught in
the CTRX slide. I�m not particularly a happy camper
over it. I see a school of sharks offering to
represent me in a class action suit. My questions are, 1.
Should I bother? 2. Is there any advantage to be the
lead plaintiff? 3. How do you pick a legal firm to go
Any advice would be greatly appreciated.
for more productive pursuits.. I feel your pain,
but it will be years and you will see pennies on the
dollor for your losses , and you will fill out alot of
paperwork (endless)... The lawyers will see a big return
for their accounts... This is part of investing..
Your time is better spent doing better research,
learning to use stops, and diversifying ... Hang in there
we have all been thru this -- you will recover your
loss in different areas if you are careful and do as
in relation to ctxs.they will have their own
catalysts that propel the stock higher when the time is
right,nasdq has no bearing on ctrx,this is the market makers,
and the big boys loading up for the score,what ctxs
has in the pipeline, new ceo, expanding their
tentacles to the larger businesses and enterprises, keeping
ahead of msft, new vertigo line, building strong
revenue base, wouldnt be surprised to see one of the big
boys make an offer on this diamond in the rough, too
good of a company to be hovering at these bargain
basement prices, some one will swoop in soon. As for
shorters, why waste your time to pick up maximum 1 pt on
the downside, with all the risk of a quick burst
which is so evident to take place real soon.
I would say not to join, these things take years
to resolve and get closure. The amount you get, if
any, will be nebulous compared to the lose you might
take if you sell now. If you surveyed everyone who
joined a similar class action I think you would find 90%
would not do it again.
Typically attorneys receive 40% of the settlement
plus out of pocket expenses, before anything goes to
So first they will cover their nut (how they make a
living charging exhorbitant rates), then they will take
40% of anything that is left over. If you think the
suit is frivolous, they will spend money just keeping
themselves busy until they get a real lawsuit to pursue. You
will not see a penny.
If it is for real, then
there will be a settlement, in which case you will also
see nothing, but maybe half a penny. Suits typically
get settled out of court because it is cheaper for
both parties. No side assumes responsibility, and the
shareholder gets nothing, aside from
Don't kid yourself. In my opinion, there have been no
accounting improprieties, plus the company made money.
Citrix is recognizing revenues over several quarters as
opposed to immediately because of the change in
licensing, and product mix is what is at issue
Through mid May the sales information was good, because
it reflected information through mid April, which
was when the company had its conference call telling
everyone that things were OK.
In mid June when the
company got data for the month of May, they had to revise
estimates and warn the street, IMO.
That is my
opinion and interpretation only, based on what I have
read. Due your own homeword prior to deciding whether
to buy, hold or sell.
I am long. Regards,
joined 50 class suites,didnt join one, better to
keep this baby, my friend joined one ,he got $117.00
for a 15k loss, hahaha that took 2 yrs. We got good
news today and imo will close higher. Aloha ferrell
by the time it reaches you, you ended up to Zero
based on my experience. It takes more than three years
to settle the case.
This is based on my
experience with the mobs out there.
Good luck and happy
I just got a claim from the lawyers who settled
with ASND (Ascend Communications) for stock I
purchased before 1997. The assholes (i mean lawyers)... get
fees + 30% of the settlement ~4 mil. I as a
shareholder get up to .04 cents. Yes folds that is $0.04 per
share. Whoopee. Dem dar lawyers really contribute to
their own wealth don't they. I don't think they have
invented a word to really describe a lawyer.. they are all
short of the true meaning. let me try
scumbags, pukes, garbage, shit, politicians, thieves,
devils, deviates, putrid, barf,
... like I said the
word lawyer sums it all up... oh, I forgot wall street