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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Paul Fiondella who wrote (15037)7/28/1997 5:04:00 PM
From: Rich Young   of 42771
 
This could be pre-earnings speculation, but if so I doubt it's because of a leak. If there was a leak, then there wouldn't have been the runup & then negative surprise on Q1. Of course, there could be a new leaker. Remember the sudden downturn right before the end of June (about 30 days ago), on no apparent news? My guess is that todays buyers were the sellers then. The 30-day wash sale period has passed & they're all coming back. Happened in January, too, I think.

Rich
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