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

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To: R. Tang who wrote (3561)9/16/1996 1:45:00 PM
From: vinod Khurana   of 42771
 
Hello Mr. Tang,

You asked: "what kind of investor are you?"

My answer: A technical analyst when the fundamentals look poor and a fundamental analyst when the technical aspects look poor and.... both a fundamentalist and technician when they both look good.

I am not here to express my love and hate for a company unless it is due - whether that company is NOVL or MSFT. At this point in time, NOVL is the pits but MSFT ....a true beauty. Who knows, perhaps the tide will change next year and I will re-consider my stand.

I am in NOVL for technical reasons......a short rebound to the $12 1/2 - $15 is all I am looking for....and perhaps that $17 1/2 that I have been waiting for since the beginning of this year. Either way, there is a killing to be made.

Now since my investment in NOVL is quite "small" relative to my other investments, a total loss in NOVL would do little damage to my portfolio.

V.K

P.S Take a look at the precious metals. We could see Gold at $400 by December end, and $420 by Next March. Technically speaking, the chart is very close to the support level ($380 - $382).

Wednesday is a big day since that is the day, the IMF (International Monetary Fund) is expected to announce whether it will sell 5 million oz of Gold (from a total of 114 million oz in reserve) to finance undeveloped countries. Germany, Switzerland and France are against the proposal but the U.S, Canada and some other countries are in favour.
It is a controversy to be resolved this week.
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