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 (20368)	2/26/1998 8:36:00 PM
From: Paul Fiondella	Read Replies (2) of 42771

All I'm arguing is that we are in a Bull market running on momentum There are no fundamentals to support the massive run-ups in the tech stocks. If NOVL runs up. GREAT. As I said the longs here deserve it. I hope the stock hits its old $10-13 range! But it will be on momentum not the fundamentals. Don't delude yourself about what is going on. Novell's revenue in Asia declined 34%. That was only $12 million and 5.8% of their business so it is less of an impact than it will be on other companies. But it is a foretaste of what is going to happen to this market. You will see it happen. Call me anything you want.

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