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

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To: Spartex who wrote (27314)7/6/1999 3:48:00 PM
From: Paul Fiondella  Read Replies (2) of 42771
 
NOVL today

Finally some profit taking set in. This ought to clear out the day traders and the momentum players from last week.

Acampora's recommendation means the institutions have been accumulating this stock and he is giving them a pat on the back.

"Be aggressive" ---look at the August 30 calls --- 2355 contracts traded today at 1 to 1 7/16ths, almost half the open interest, and 785 July 25's traded at 2 1/2 to 3 1/2.

Lots of bets being place that NOVL will consolidate and then break through its old highs.
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