<<PS1. What the hell did you guys do to the NASDAQ while I was gone!>>
Welcome back Paul. Sounds like the fresh air out West was good for the bones. I feel like I need a dose of that right now after the past few weeks on the naz and NOVL. =;-)
The market is doing a good job flushing out the day-traders and momentum folks. This is rational, good, and healthy for the market. Especially for companies that are able to deliver on their promises. But it will take a number of months to repair the roadkill.
I looked at the last 5 month chart of NOVL, and we're really just back to early Dec. before Mr. George Gilder alerted his troops about NOVL in his telecosm picks. Unfortunately there is a lot of technical damage done, as well as burned investors buying in the 30's. But we're probably the least damaging of the Mo-Mo crowd stocks.
I might get to hook up with Scott on a trip this Fall to Utah (I have a friend who wants to hike the Canyonlands region). I, too, really respect Scott's committment to the engineers at Novell (and their vision, products, and solutions) who are worth their weight in gold or shares in some IPO "net" stock before this recent crash...=;-). Hopefully the forces at the BOD and CEO helm are instituting those changes necessary to take NOVL to stage III (growth) in the internet infrastructure area. I've already posted what the alternative was a few days ago. I wouldn't like to see that happen, but it's a matter of what's best for the shareholders and employees. We'll see.
Anyone betting we put in a Naz bottom tomorrow? Nah....that's too optimistic.
Regards, QuadK
PS: BTW, if NOVL was a dog, like Squeak, would you say we are running on four, three, or two legs right now? |
