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 (18070)	10/22/1997 4:27:00 PM
From: vinod Khurana	of 42771

NOVL stock is holding quite well at the 50 day moving average. I see strong initial support at $$8 3/4 and strong resistance at $11 1/2. (Secondary strong support at the $8 3/8 level). The street has been fighting aggressivly to break the psychological $10 1/2 level and by the looks of the chart at: dbc.com we could break this level on the next leg of the rally. The chart also indicates the 50 day MA flattening. If this line fails to turn up over the next couple of days, we could see NOVL at $8 1/8 - $8 3/8 in my opinion. That will the best Christmas gift from santa clause. The Jan 5 calls are in my opinion the safe and best buy. Longer term also good if the premiums you pay are low. I think we will have a real winner on our hands if investors remain patient. We just need some more +'ve articles in lead magazines, aggressive marketing by the folks at NOVL and a "GET RID OF THE CORPORATE JET" sent to corporate HQ...wherever that is. V.K

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