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

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To: BJP1946 who wrote (18637)11/24/1997 9:30:00 AM
From: Don Earl   of 42771
 
I did sell and now hold puts. This is after holding and trading the stock long for 8 months. I've spent that 8 months doing the most careful and extensive research I am capable of doing. I fully agree with everything you're saying. Every bit of it was true when I bought my first shares of NOVL. The only real problem Novell had back then was marketing. The only real problem Novell has now is marketing.

If you have a fairly good feel for TA, and enough discipline to trade the highs and lows, you WILL make money on NOVL. If you have a VERY high tolerance for risk and can put your stock in a safty deposit box and forget about it for 2 years, you MIGHT make money.

I don't know what the numbers are going to look like Tuesday night. I spent a great deal of time crunching numbers a few months ago and came up with .07. A number of factors (which I have previously posted in detail) cause me to believe we may be looking at another loss. That doesn't make me right, I'm not psychic, but that's the way I'm playing it.

Regards,

Don
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