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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.


This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2021 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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