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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: E_K_S who wrote (18992)12/9/1997 10:09:00 PM
From: Paul Fiondella   of 42771
 
Sorry my reply is a little late, but I just logged on.

Boy do we think alike! I didn't read your post and bought 1000 shares of ORCL today. Me and a two hundred thousand others. Looking for that bounce. And of course much sooner than for NOVL.

I see no point however in selling NOVL at 8 3/8 unless you bought it for substantially less. My sell target for NOVL was 9 1/4+. My buy target is 6 to 7 1/2. Tommorrow is the day NOVL will go down, while everything else goes up.

(Notice the delayed Asia effect showing up in ORCL!! NOVL and MSFT were mentioned as also possibly being affected---but this is because they haven't figured out that 30% of the world economy can't go into recession without having an effect on all of the US economy. Wait until that one hits.)
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