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: Jack L. Dlugach who wrote (14986)	7/28/1997 7:49:00 AM
From: dwight vickers	of 42771

Jack, I see what Nadim is talking about, but remember he's a very short term trader and will bail in an instant if the rally starts to fail. From a little longer term perspective the signs are tentative and $7 1/2 is the first step as stated by someone else. From there, $8 1/2-$9 will happen easily. But as I said, two other value stocks I'm in, SMSC and CORC, took off suddenly and blew through all short term resistance to rise 40-50% in a very short time. CORC is a real solid (little) number with a great business, but SMSC has been a disaster almost as bad as NOVL. The only positive has been Intel taking a position in the stock, and creating a business "arrangement" with them. But the stock move happened a couple months after that was announced, with absolutely no other fundamental change. My experience has been that the fundamental news shows up long after the move starts. Maybe NOVL will follow that pattern. Dwight

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