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: Spartex who wrote (19196)	12/20/1997 3:28:00 AM
From: Lawrence Petkus	Read Replies (1) of 42771

Hello Quad-K: Think about that 5% under purchase stop loss strategy. If you bought at 7 9/16, remember that the market market maker could wipe you out with a just a little more than a 3/8 point swing and that's really nothing: 5% x 7.5= 38.5c 3/8 of a point= 37.5c Don't get scalped. Your perspective actually sounds fairly reasonable. Hey, you did better than some of my purchases by 50% <g>. It looks pretty good to me! Besides, look at the fun you're having. At this price, Novell is the 50c slot machine of the NYSE. Good luck, Lawrence

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