Novell (NOVL) dirt cheap, good buy? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Novell (NOVL) dirt cheap, good buy?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: EPS who wrote (28633)	10/19/1999 4:07:00 PM
From: Sir Francis Drake	Read Replies (1) of 42771

Victor, FWIW, the same action today as for awhile. A lot of big blocks selling. I covered my intraday short at 16 1/2, but missed the ride up. I speculate (but can't be sure), that a lot of the buying on the way up from 16 1/2 was short covering. If there is a big seller(s), they often let up at the end of the day, to let the price recover a bit (otherwise it is too depressing when folks come home and look at their portfolio)... obviously the seller wants to get as good a price as possible, so he is trying not to break the stock... got to let it come up a bit, so he can unload again. When it hit 17, INCA (which is used mostly by institutions) came in with a huge 85K sell order, and it was stuck there. The load eventually got down to 68K, but couldn't break through $17. Bottom line, it looks as if institutional selling has continued. What this means for the future, I don't know. I take it day by day. Morgan

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next