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: Spartex who wrote (30071)	1/27/2000 4:10:00 PM
From: Paul Fiondella	Read Replies (1) of 42771

Watching NOVL Once again the stock showed tremendous strength on holding up against the sell-off. The volume escalated when the stock moved below 33 at 2:48 - 3: 30PM and we then picked up some buying momentum moving the stock up to close only down 3/16ths at 33 1/16th. This buying on the dip on low volume days looks bullish to me. It means that even in the absence of institutional buying (and of course they are on the sidelines until after next weeks Fed move.) on a slow day. you find any dip below support brings in massive buying. I like the technical aspects of this action. Anybody else looking at this? By the way I haven't covered my Calls yet. I'd rather wait for Greenspan myself.

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