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 (18823)	12/1/1997 9:34:00 PM
From: Don Earl	of 42771

Hi Frederick, I agree with a great deal of what you're saying. I'm not a technical person but from everything that I've been able to dig up over the past 8 months, Novell either has the better product or at least something that they should be able to be market on an equal footing with anything else out there. There is a lot of difference in the sentiment that goes into selling into a rally and the selling that occurs on bottoms. Although I was ahead of the high by a few days, my exit point was at the high end of recent moving averages at the time, with stoachastics at over 90%. A good percentage bet most days. When insider sales got to the point where I had almost as much stock as some of the executives in the company, I figured to hell with it. At this point the puts I own represents slightly more stock than the high point of my long positions. This bugs me in a way that is kind of hard to describe, but this is about making money, not about some kind of misplaced loyalty in a company where even the insiders don't want to own the stock. I tend to trade short term trends, which is a lot different than investing. I get too cranky when I get way behind and have to throw more money at a bad investment to hit a break even target. I have a great deal of respect for everyone on this thread. The things I've learned here almost justify the aggravation of sitting on a loss most of the time I owned NOVL. For those with a longer term perspective and a greater tolerance for riding out the ups and downs, I wish you success. I don't deny the possibility of a turn around but the clock is ticking and I still haven't seen the things that need to take place before it can happen. IMO it will take Novell at least 6 months to put together the kind of revenue that would suggest a change in direction. Even then, they would have to be on the verge of implementing a very solid marketing strategy in order to make anything happen in that short a time span. I may end up long again but it won't be at current levels. Regards, Don

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