PPR - Follow-up on CTXS from prior FTS and PPR reports
ON August 30th we indicated we were buying CTXS shares in anticipation of a move higher on a pocket pivot price/volume signature and we sent out a Follow the Stock piece on CTXS on that day. While we short-term profit was bagged on the trade, you may note that the stock is going higher. Bottom line is that this gives us a good opportunity to point out that while we will always disclose what we are doing in a stock we discuss, it doesn't mean you should necessarily follow what we are doing. Instead, focus on our analysis and parameters for the stock. CTXS never violated its 10-day moving average, hence was never a sell. Our decision to sell the stock from our own portfolio(s) was based on a desire to move into more strongly-acting (at the time) cloud stocks. Both the Pocket Pivot Review and the Follow the Stock features are not intended for an automoton approach. Only the Market Direction Model is intended as more of a "black box" approach. Please make a note of this when interpreting our comments in these PPR and FTS reports.
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