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

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To: Serendipity who wrote (20028)2/8/1998 10:21:00 PM
From: Serendipity   of 42771
 
To All:

Technically, NOVL is where one can take either the bull or the bear side and sound reasonable! Of course only one side can be correct! My model is still quiet. Having followed the model's buy signal earlier, I have no choice but to stay bullish and wait. <G> There have been no singular indication of weakness that is not mitigated. The price drop from the recent high to present level seems a "normal" pull back--volume level providing evidence. Relative strength dropped from B to C Friday, but price closed higher on lower volume. 50sma is holding.

Bottom line, we are in neither here nor there! LOL
I remain bullish, but will not buy more, until I see
clear trend reversal.

seren.
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