Mini Update - Buy CTXS before Earnings

Market Commentary
Readers of this blog may not have been surprised by the market action today. Besides I have not been particularly enthusiastic about the earnings this week and had predicted more of a sell-the-news pattern. This turned out to be particularly true for Intel, Yahoo and most of financial stocks. Google is a toss up and most likely it will be a surprise to the upside. That said, market may swing back to the upside before the end of the week. So it is better to be on the sidelines on the overall stance of the market and see how things shake out before determining the next trend.

New Pick
Citrix Systems (CTXS): This is for those who are aggressive and capable of options trading. I was searching through any hidden gems that could actually benefit from earnings this week. After some research I believe Citrix systems is one of those stocks. Citrix is reporting end of day today. I have bought Jan 2008 options for a strike price of $30 at $6.60. I am expecting a 20 % move to the upside or more on this options price. Option symbol is XSQAF.