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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: China Trader who wrote (20387)2/27/1998 7:28:00 AM
From: Ghassan I. Ghandour  Read Replies (1) of 42771
 
Thanks for noticing. I do believe however that my predicting a close at exactly 10 coming through was just a lucky shot (I was wrong several times before but I did expect people to notice for the fun of it). What will happend today will depend, of course, on the interview on CNBC. We do have a MAJOR resistance to break at 10 1/2. The momentum of the last two days suggests we will have a go at it. If broken, we will see 12 to 13 (Vinod prediction of two months ago) come through. I do believe this uptrend will continue and, as I posted on the other thread, never before in the two years I owned NOVL did I feel better holding the stock then this past quarter. I disagree with people saying we will buy if the stock were to go under 7 for then, unless the reason is market related and has no bearing on fundamentals, the stock would be in deep trouble. The time to buy is when the trend is up and the volume is there to support the trend. Any pullback, under these circomstances should be considered a buying opportunity. Two other stocks to watch today: CYBE (it is going over $30 in no time) and SIII (something is brewing). This is my honest opinion but, the risk is on anybody who follows it as people should only put their money based on their own conviction after doing their own research (at least reading the related posts on SI and on Yahoo). Go NOVL... Ghassan.
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