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: Frederick Smart who wrote (26842)	5/6/1999 1:48:00 PM
From: DJBEINO	of 42771

06-May-99 11:51:00 Novell is trading $3/8 higher to $23 13/16 on light institutional volume. Just 16% of today's 1.9 million share volume is the result of block trades. While institutional brokers appear active in the pre-trade market, a further review of the data revealed that there are one or two firm's behind the majority of super messages. This suggests that the brokers firms are actually trading on behalf of their own house accounts looking to make money on the spreads, rather than trading on behalf of institutional clients. Thus, it is day traders, both professional and retail, who are moving the stock today, not institutional investors.

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