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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Marc Newman who wrote (23632)8/27/1998 10:40:00 AM
From: Paul Fiondella   of 42771
 
Watching Novell

It's interesting to watch the stocks in the least negative % categories. There you will find MSFT and DELL. NOVL however still doesn't make this category. IT continues to behave sluggishly.

I attribute some of this to the crooks that make a market in this stock. They have a proclivity for not trading this stock and not moving the stock price once they have established the trading range in which they will collect the most pennies. (There can be sudden moves up or down on the opening or close but trading then stagnates.) At every opportunity they do nothing. I suppose that way they collect their pennies and limit their risks. If this stock simply traded normally---moving up or down to clear out bid/ask inventory---we would all be much better off.

When I look at the action on my machine I see very few market makers in relation to transactions. Perhaps the blame should be placed on the firms engaged in electronic trading. On low volume NOVL is a leaderless market. Is this the future of stock trading?
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