Novell (NOVL) dirt cheap, good buy? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jack L. Dlugach who wrote (10359)	3/27/1997 4:46:00 PM
From: Janice Shell	of 42771

Jack-- Aw, c'mon. We got a double whammy here: 1) the Big Boys don't want to hold positions over the long weekend, and 2) we're trying to come to grips with the fact that the Fed has tightened and will no doubt tighten again. It'll take time to sort number 2 out. Yes, techs are still--and will in my view continue to be--the fastest growing sector of the economy, and no, they're probably not as interest-rate sensitive as most. BUT--rate hikes aren't good for the equity markets. Never, ever. And how many hikes are we looking at? Don't imagine that Uncle Alan gives a damn whether the market drops 1500 points. (As long as it doesn't do it all at once.) He'd probably think it was a Good Thing. Chasten that irrational exuberance and all. In my view, we'll be walking on quicksand until we've some kind of grip on how much the Fed really wants to tighten. We'll get another: that's for sure. More? Nasty. I know I've said it before, but LOOK at what happened to the credit markets in '94... Janice

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next