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: EPS who wrote (24034)	10/23/1998 6:53:00 AM
From: Ghassan I. Ghandour	of 42771

RE : Shorting NOVL Last week, when the stock couldn't pass and stay above the 12 3/4 barrier, it looked, tecknicly, like a good short. As it broke the resistance, with large volume IN SPITE OF A NEWS THAT COULD HAVE TAKEN IT DOWN, shorts should run for the cover (unless their short is based on fundamentals as they see it). My axiom for the stock market follows: When a stock has good news. If it doesn't go up, maybe it was up already or maybe people as evaluating the news. If it goes down, then jump off the boat unless you are holding on fundamentals. The corollary: When a stock receives what appears to be bad news. If the stock doesn't go down, then it may have been down already, or maybe people are evaluating the news. If it goes up, then jump on the wagon as fast as you can, unless your position is based on fundamentals then you shouldn't be watching. Ghassan.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next