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: doug doan who wrote (10237)	3/27/1997 1:09:00 AM
From: E_K_S	of 42771

Hi doug doan - You might consider writing some covered calls to generate income while we wait for the turnaround in earnings. I am looking at August $12 1/2 calls or perhaps something out futher at a $15 strike price. Take as much preminum as you can get now as I think it is going to be 12 to 18 months before the real good earnings get posted. I am waiting for CEO Schmidt to make some major management appoitments and/or announcements as I believe this should move the stock higher (in the short term) and we fill that gap at the $12 1/2 - $13 3/8 level. EKS

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