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: Paul Fiondella who wrote (28636)	10/19/1999 10:02:00 AM
From: Sir Francis Drake	Read Replies (2) of 42771

Paul - thanks. I'm almost never short overnight - that's the main danger. I only short intraday. Also, you are right - there's already been a big decline, so further downside expectations are not as rewarding. I simply take my cue from the trading action. Long or short, I don't care - I follow the trend. If I see huge blocks sell, and tremendous selling pressure, I figure it's good for a quick short - after all, it is hard to muster up huge buying power in the face of institutions selling! Having said that, I suppose a buyback could kick in at any moment - but it will show up in the trading action, and I'll adjust. Good luck! Morgan

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