Novell (NOVL) dirt cheap, good buy? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Procreant who wrote (23152)	7/20/1998 4:31:00 PM
From: Spartex	Read Replies (1) of 42771

Procreant: <<Here's a thought for the "MM conspiracy theorists" out there. The MM's drive up the price of the stock through heavy trading volume on Wed. and Thurs. of last week in order to reduce their inventory in preparation to absorb Novell employee stock options at a savings. They let it drift down on Friday during normal trading volume and buy employee shares who are selling "at market" at 12.5 - 12.75 today. Huge savings!>> Regarding your thoughts on the MM conspiracy hypothesis (I'd keep theories reserved for more robust/proven hypotheses), how would the MM's simply "drive up the price of the stock through heavy trading volume on Wed. and Thurs of last week"?? I mean, who's putting the dough out on the table buying chunks of NOVL lifting it into the 13-13 1/2 price range to begin with? I would say it was just some very interested buyers, and today's action was biased by options overhang and possibly the release of employees options as well. Though if I was an employee of NOVL who knew what was to come (products, NW5, etc), I would probably hold onto most of my shares. Regards, QuadK

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next