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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Sir Francis Drake who wrote (28637)10/19/1999 10:30:00 AM
From: Paul Fiondella  Read Replies (2) of 42771
 
Watching NOVL

I haven't looked at the charts recently for moving averages trends. Looking intraday there has been a heavy downward bias on the MM2 screen. Lots of large trades.

But this whole effort to push the market down goes against the state of the economy. Eventually the Fed move will be discounted in the market and those moving into cash will come back because of the bargains. Look at what you can pick some of these stocks up for at this point --- CPQ trading at 19 13/16ths!

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