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: Paul Fiondella who wrote (17455)	9/22/1997 9:41:00 AM
From: dwight vickers	of 42771

Paul, Being short in a blowoff is a bigger problem than just getting the stock pulled on you. Shorting a MSFT at $135 let's say. Historically blowoffs move individual stocks in great leaps. Who can say MSFT couldn't jump to $200 in a week or two in a blowoff. Not a prediction, of course. Maybe we've seen the blowoff already? Diana Corp went from single digits to $100 on BS. I knew people who were shorting it at $20 and $30 and were correct. But covered much higher due to the pain and margin calls as it went higher. The stock eventually collapsed to low single digits. This all happened in a matter of months. Much easier in illiquid stocks with smaller O/S, of course. Ahhh, Carlton Lutts. One more thought on the Barron's MSFT slam last week. Those type of articles usually appear when a stock has dropped from $150 to $50, not down only 8% from the top, as MSFT was at the time. Was this a trap for shorts to be drawn into? Very curious timing. Dwight

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