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: Frederick Smart who wrote (18223)	10/30/1997 12:57:00 PM
From: vinod Khurana	of 42771

Hello Frederick, I am long NOVL at this point in time. I am assuming based on what happened on Monday that $7 1/2 is a strong support since the stock bounced of this level quite nicely. My short term target is $10 with a possibilty that it could surpass $10 1/2 briefly. My year end target is $12 1/2. I currently hold 15 November 7 1/2 calls and 7 January 5 Call options. The Novmeber 7 1/2 calls were purchased between 13/16 and $1 3/16. I hope to sell them all at prices ranging between $2 - $2 1/2. Ocotober was an excellent month. I hope the same for November. The Nov 7 1/2 call option open interest is quite high and volume on these options recently has been in the hundreds on a daily basis. I had noticed the same prior to the October expiry and we all saw the stock rise to $10 if only for a brief period of time. I usually put my sell order in good for two days at any given time. Good luck on your investments. V.K P.S I am short MSFT. I think the stock based on the charts is about to tank to the $120 level followed by a drop to its final resting place....$100 or slightly below.

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