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 (17895)	10/10/1997 10:31:00 AM
From: vinod Khurana	of 42771

Hello Paul....I am currently long the Jan 5 call options. The November 7 1/2 calls were a good buy when the stock hit the support at $8 3/8 although I was waiting for a confirmation for support before I bought those Nov. 7 1/2 calls @ 1 7/16. I dumped them all yesterday at $2 1/4 and a little early but a gain in my dictionary is better than a loss. The stock at this point is mid-way between the major support -$8 1/2 and major resistance $10 3/4 - $11. The Jan 5 calls/February 5 calls in my opinion are the best buy since they carry very little premium. I believe we will strike $12 1/2 - $13 over the next 2 - 3 months. The 5 calls currently trade in the neighbourhood of $5. A potential gain of 50% and more is very possible given that the trend in this stock is up. Take a look at the NOVL chart at dbc.com. There is a possibility we could see $8 5/8 - $8 3/4 before moving onto $12 1/2. V.K P.S Reagardless of the direction of this market, NOVL is on the uptrend.

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