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: Don Earl who wrote (20699)	3/6/1998 2:01:00 AM
From: Marc Newman	Read Replies (1) of 42771

Hi Don, Don't worry, everything here on SI is always FWIW, FWIW, FWIW! I don't consider your posts as giving advice--rather, I just appreciate your good, sober analysis. The new Motorola and 3Com problems just give more credence to what the bears have been saying. Should be an interesting month. I'm glad I stayed bearish today despite just about every stock rising from where it opened today. (Sidenote: Apparently people who tried putting in market orders for Apple at the open got filled almost a point higher.) The volume in NOVL has stayed exceedingly high but I think some real pro daytraders are involved. Some of these guys account for fifty 1000 share trades a day. Just twenty of them would equal a million shares so imagine what a hundred daytraders who have picked NOVL as their stock du jour can do to the volume. I wonder how many shares of a typical NASDAQ stock's daily trading are from traders vs. investors. Any guesses? Best, Marc

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