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: Sir Francis Drake who wrote (28624)	10/19/1999 9:50:00 AM
From: Paul Fiondella	Read Replies (1) of 42771

Market psychology and NOVL Well Morgan, here's the story --- Win2000 and the past history of Novell with regard to its ability to compete. This hangs heavy on the stock. The institutions bet heavily on the abilities of Eric Schmidt to "turnaround" the company. Eric is committed to an internet strategy, but he is using the old management. Everybody knows that does not compute. Does Eric? So what you are looking for is some earnings shortfall news. And there is nada. It looks like Novell will do well this quarter. Novell is pretty good about keeping analysts up to date on this. Today I closed out my short call position. That may be too early but I grabbed 1 1/8th on 100 contracts on it. Fundamentally NOVL is grossly undervalued. Don't be short the stock at this point. Cover!!! Or run! When you look at a 14 point move in a $31 stock, you've seen it already. In fact you should be aware that the company has an authorized BUYBACK in place which could crush any further short moves.

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