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 11:42:00 PM
From: Don Earl	of 42771

Hi vinod, On 8/22/97 close 8 3/8. On 8/25/97 open 8 3/8. Sorry no gap. I don't think today was a change in dirrection. Just a correction. If todays low holds up tomorrow, it should continue upward to test 10 1/2 again. If that fails support is still 7 3/8. At least I don't see anything in the last 4 days that would suggest a support level other than todays low and Fridays low. Based on todays intraday volume patterns I believe todays low will hold up. Novell is reasonably priced right now. It won't be a great buy until it hits 10 7/8. If/when it goes to 14 there is nothing but clear blue sky above. All but the first sentence IMO. Regards, Don

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