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: vinod Khurana who wrote (16670)	8/27/1997 10:16:00 PM
From: dwight vickers	of 42771

V.K., The channel you lay out shows a top of about $10 1/2 (where we just pooped out), and a bottom of about $6. That in itself is not bullish. The bullish thing is the volume, if one considers volume to be predictive of future moves. The stock needs to break above the channel/resistance line at $10 1/2-$11 to turn bullish. Options trading at $15 and $20 are leftover leaps from when the stock was higher. The fact that they trade is not a bullish signal, either. How they trade might be. Dwight

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