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I was going to double my investment in NOVL at the present level but, after reading Jim A, I will wait a few more days maybe I would get it for less. NOVL was here before, even after the previous earnings report which I thought was very satisfactory as a step forward. So, the last one may be one hickup and doesn't warrant throwing one's investment away in the toilet. Not even Zacks strong SELL recommendation will conince me to get rid of this stock. Heck, Zacks had a strong sell recommendation on CYBE when the stock was at 10, some four month ago. I kept accumulating that stock, posting my prediction of $20 by February. Today, it closed at $20 1/2 after reaching $21 5/8 (up 5 in one week). As for the negative sentiment on this board, I always thought and confirmed by experience that it is a good contrarian indicator. As far as I am concerned, NOVL is a (short term) BUY here as well as some of the other stocks I am holding (BORL, CYBE, SIII, AND, DEC, CPU, etc...). Ghassan. |
