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

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To: jim A who wrote (9902)3/24/1997 3:26:00 PM
From: E_K_S   of 42771
 
Hi Jim - Did you notice the huge Block (about 300K shares) at 11:30 AM PST all on up ticks (around $10 3/4)? Now do we fill the gap up to $11 5/8 - $12 3/8 and break through or go back to $10 to consolidate?

Last hour ralley begining...Trading Curbs now on for the Dow as we exceed the 50 point level. However Dow is trading on "light" volume and it is one day post expiration. The nasdq has come back 50% only down 13. Novell continues to be strong all day. Perhaps this was due to BrainShare and the press conference held last hour. Good volume on Novell today. We need to break 6 million shares but will probably only trade somewhere in the 5 million range.

EKS
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