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: Eddie Kim who wrote (4827)	11/11/1996 12:13:00 PM
From: E.J. Neitz Jr	of 42771

Novell down $1 at noon on Monday--However.... Trading is heavy in Novell stock throughout the morning. Since there was no announcement over the week-end, profit taking is normal. I sold-out at $11 1/8 and plan to re-enter after the disappointment over no immediate take-over is in the stock price. Watch the activity near the close-- to see if large buyers emerge. If they do not, it is possible the move on Friday was frenzied short-covering! I have followed trading in Novell for the past six years. I believe they will eventually be bought. Keep your eyes on the tape. Ed

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