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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: E_K_S who wrote (5599)12/6/1996 12:33:00 AM
From: Edward E. Shure   of 42771
 
Eric

Iguess we can blame it on IBM for selling those 100 year bonds at the trough of the yield curve; it really should have minimal effect on markets but the problem is that at these levels the bond mkt is so skittish that perception becomes reality and now everyone thinks that IBM picked the low in long term yields. Also today there were supposedly asian sellers of the 10 year Treasuries. Oh yes Tokyo is now down >700 pts. as of 9:20 PST.
Should be a very interesting mkt here tomorrow, several of my stops on non-tech stocks should be taken out so will have funds to bottom fish (catch falling knives) on some techs.

Thank you for the info.
Edward
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