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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: Rich Young who wrote (15039)7/28/1997 5:46:00 PM
From: Joel Brussell   of 42771
 
Hello Paul and Joe:

On the weekly chart we could get up to 10.25 - 10.75 and still have a long term bearish scenario on this stock. As pointed out by somebody else on this thread many tech stocks have moved 50 and 75% without any apparent change in fundamentals.
Today was the first time in quite some time volume came in on the upside.
Even if we stall here we could easily be building a larger base.
The close on the 31st is quite important for signals on the monthly chart.
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