Hello Quad-K, yes, it seems like a pattern we've seen many times before. Always seems to be one or two firms or mutual funds behind Novell, always has I believe. In the almost three years I've followed the stock, it has always been cold then hot, then cold, cold, cold then hot. Many, many high volume days over the years. I remember several days of 20 million plus shares, yet nothing has materialized yet. At these levels, risk is perceived to be much less than other investments, and it may or may not be...certainly the amount you have to lose is much more controllable then higher dollar, higher volatility stocks. I woke up one day a week or so ago and TBR had gapped down almost 10 points at the open...I love the stock...talk about excitement.
Sooner or later something probably will happen with Novell, and for your and other longs sake, I hope it's sooner. In the meantime, I think I'll wait and jump on the train if and when it starts to move.
Good luck.
sf
ps: As a side note, Schmidt has missed two out of three earnings so far. Missed signigicantly if I remember correctly. He can't miss this one, but then again I think he gave himself a lot of leway. Not sure what the street is looking for. |
