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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Robert Sloan who wrote (28168)9/18/1999 10:31:00 PM
From: Sidney Street  Read Replies (1) of 42771
 
You asked for comments. OK. Enough of the sarcasm already. NOVL has slid back from thirty for the same reason your favorite, CKFR, has slid back a similar percentage in the same time frame. Anyone investing in an Internet infrastructure stock is placing a bet on a future which cannot be predicted with any degree of certainty. That's why we hope for great rewards - for taking that kind of risk. The NOVL story is a lot less goofy than many others in this investment universe. It makes real products which address real needs, and it gets paid real money for them. And we have a reasonable basis to believe that more will be offered soon.

Finally - one of the functions of a board like this, with characters like Frederick and so many others, is to give us the courage of our convictions to hold tight and not sell while we're waiting. By implying that we are fools for holding a stock that has slid back from 30 to 22, you demonstrate a lack of appreciation of the vagaries of the market.
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