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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Joe Antol who wrote (14630)7/14/1997 4:21:00 PM
From: Jack L. Dlugach   of 42771
 
Joe: My sentiments too on the stock price--doesn't have much to
do with the market any more does it? Nobody looks at the fundamental
anymore--it's strictly bottom-fishing now and I sure wouldn't have
believed it'd come to this. You said you were out at 13 I think--do
you think there's a chance to get back up there--looks kinda gloomy
so far.

Gad, I just sold HWP on Friday for 61 and wouldn't you know it--65 1/8
today--well, I'm just glad I didn't buy HCIA; man, from 67 to 14 and
a bounce to close at 15--phtttt! Like I said, Novell isn't the worst
we coulda done.

BTW, I think Dell and CPQ's huge runups are the reason the other PC
stocks are up--everybody who missed the boat is jumping on the ones
that didn't make the big rise yet. Here you've got HWP losing a
lawsuit in today's news and also announcing a 24% price cut because
of the price war and up she goes to a new high.

GO FIGURE--makes no sense to me.
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