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: fb who wrote (27049)	5/31/1999 12:43:00 AM
From: tejek	of 42771

I think it is really easy to get discouraged in this market. To maybe give some perspective, a stock i wanted to get into (etek), suddenly moved up from $31 to $50 in three weeks and i was pretty upset for having missed the runup . However a week after that it was back down to $32...who knows why.....the markets are really crazy right now. Having said that i think the activity in novl from wed. to fri. was pretty interesting, volume was above normal each day, and after three days the price was up. I suspect what we were seeing is the sellers who rode the stock up from $7 wanted to exit and take profits, and the buyers who came in and replaced them were attracted to the stock because of the company's increased growth prospects. Once the transition is complete, i suspect the stock may start to move up. Does anyone share my perspective?

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