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

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To: Scott C. Lemon who wrote (30636)3/6/2000 9:06:00 PM
From: Paul Fiondella  Read Replies (1) of 42771
 
Vicious day in the market

They ran the stock up to 34 and then it fell off a cliff. O n the close there was accumulation going on but the pattern of this trading says that when the stock runs up on good news, the traders are selling!

Greenspan is definitely going to effect the market until the 21st. Hopefully he will just do his slow and steady 1/4 point. If he goes a half point then all bets are off.

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For internet nine day wonders check out what is happening to 3COM. Closed below 70 today. Two days ago 104 or so. That type of vicious reaction is now on the Wall Street traders agenda.

Good news on the stock --- move it up and then SELL SELL SELL.
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