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: Serendipity who wrote (20315)	2/25/1998 5:17:00 PM
From: Ghassan I. Ghandour	of 42771

I only saw the kind of volume we had today on buyout rumors. Today's action looked like a big battle, and we won the round as we closed UP 1/4. For NOVL, a quarter up has been a rally since some time, now. And we did break a resistance as 8 and 7/8 has been for the last three months. In fact, today's support (8 7/8) was yesterday's resistance. We are in an up trend and however doesn't see that needs to take off his biased glasses. Indeed, tomorrow will tell us more, as will the day after tomorrow. With brainshare coming and the shareholder's meeting, and unless Asia's worry resurface again, we may see a short covering rally (I didn't say panic) and we may very well see the 12 to 13 that V.K. predicted on technical ground materialize. Go NOVL... Ghassan.

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