Novell (NOVL) dirt cheap, good buy? Message Board

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

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To: Eddie Kim who wrote (15677)	8/13/1997 7:33:00 PM
From: vinod Khurana	of 42771

Some good news and some bad news on NOVL.... The bad news first (and perhaps Salah can confirm if there is indeed a gap): I was looking at the DBC chart on NOVL and to my surprise, I see a very small gap left at or about $7 5/8. This occurred between August 5th and August 6th. The question is: did the stock open on August 6th at the price it closed the previous day ? If so, then it seems we could be visiting $7 1/2 before we climb any further. The good news: The stock is on a long term uptrend. The support as I see it is somewhere in the neighbourhood of $7 1/4 - $ 7 1/2. The resistance at $10. If it breaks $10, then we will be on our way to $12 1/2 - $13. I am noticing Jan 1999 20 calls trading in the last three days. Question is who wants to hold this dog of a stock for that long period of time. Comments welcome. V.K

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