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: Nadim Mando who wrote (14972)	7/27/1997 2:03:00 PM
From: Paul Fiondella	of 42771

11.5 Million shares are short Not mine either Nadim, but I think the charts are not as much of a favorable omen as all seem to believe. In the last week all the action was Tuesday and Friday. The chart for the week looks steady going up. Sure the volume on the moves up was very nice here and there. But on those other days especially most of Wednesday & Thursday.... But if you can find ANY REASON to suspect from the world of real news that this .3 of a move is something significant please let me know. I can't find any product news, revenue news, "turnaround" whisper news, or personel news to justify an upward bias. The pattern I think we should be looking for is the one that the shorts developed in the run up to the previous qtr announcements. If you can discern that pattern developing.... ================================ Sold half my position Nadim, so you could say I've taken all my losses.

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