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

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To: EPS who wrote (28990)11/16/1999 7:18:00 PM
From: Paul Fiondella  Read Replies (1) of 42771
 
Check out the shorts today in the options markets

The Nov 22.5 Call went from 1/8th to 11/16ths on 2551 contracts.

The Nov 20 Call went from 1/2 to 2 1/2 on 1607 contracts.

Now my assumption is that these were written naked. What do you think?

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Also the Alta-Vista win is very very big. It is the first major win for a directory based internet app for Novell.
A few more of these and I think I can adjust to the aftermarket showing NOVl trading at 22 3/4. Watch the action in the NOV 25's tomorrow.
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