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

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To: Joe Antol who wrote (17177)9/12/1997 11:42:00 AM
From: Don Earl   of 42771
 
Hi Joe,

Yep, the education process can be remarkably expensive. I'm still paying for my schooling. I swear some of the old pros must have ice water in their veins. I'm nowhere near that level but I think I'm getting better at it. I do know TA is required reading. I'm still underprivildged in that department but the basics aren't that hard to understand. The hard part is getting to trust the information in the charts.

I wiped out most of this weeks NOVL gains with a really bad trade. I've found the best time to fix a mistake is as soon as possible. Waiting two days on that one was a major goof. I guess I needed to go back to school for a refresher course.

I'm not quite sure what to think of NOVL right now. The charts don't look very good to me and the market maker is acting up. I don't really see any good reason to buy or sell so I suppose I'll just sit around with cash burning a hole in my pocket.

Regards,

Don
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