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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: SMALL FRY who wrote (59844)9/7/1999 1:24:00 PM
From: Spartex  Read Replies (1) of 120523
 
<<NOVL - QuadK seem to think so... he was bullish on it.>>

SF (and Money Maker) just lurking and caught the NOVL post, yes I am bullish on NOVL, but I'm not playing their options, only own shares. I speculated on NOVL's last quarter before earnings (in August) whether they would present a blow-out like ORCL, or just beat consensus by a penny. They beat concensus by a penny, but masked about 4 cents of earnings by reducing their inventory time and selling off more holdings of Santa Cruz and Corel (losses). I believe their next quarter should be strong assuming no Y2K lockdown weakness on their sales of Netware 5. The stock has been stuck in between the 50 dy and 200 dy moving average the past month, in sort of a strange funk but I took advantage of the price weakness. Looks like we're approaching the 50 day moving avg. today (~26ish). =;-)

I sold all my CY shares, and doubled up on NOVL in the $22-23 price range as it was bouncing off of 200 day moving avg the past month. I believe NOVL will have significant news over next few months related to DigitalMe and other ZEN directory service applications, along with some important deals (my educated speculation leads to AOL, Citigroup w/ DigitalMe, and maybe even a deal with MSFT).

Good luck! I have noticed the 2400+ contracts traded in the Sept. 25 calls today. MM's covering their covered calls? Time will tell.

QuadK
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