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Technology Stocks : Novell, NOVL, I really need some advice

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To: Joe Antol who wrote (29)7/3/1997 2:35:00 PM
From: Robert Butcher   of 46
 
Hi Joe,
Seems to me that with all your equity in NOVL, you would at least be writing a percentage of it in covered puts. I would if I had your size holding. I'm only at 2200 shares though and will take a modest 15%(averaged way down) at 9 1/8 and be done with this dog. A few more upticks like today and so long Novell. The value is there and I believe in the company, but the Dow is up a thousand and I'm up very little. Better places for short term.

Robert
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