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: Matthew Leo who wrote (15078)	7/29/1997 10:35:00 AM
From: Paul Fiondella	of 42771

I agree Matt, you can't catch the burps. God what a trading philosophy. I will be quite happy if the stock continues upwards. Keep in mind however that at these levels it is possible with enough capital (say 10K shares) to play the stock the way Nadim does and make money. In fact Nadim is the only guy making money on this stock. Now the problem I have and so do many others is the problem back in May. The stock goes from 7 to 8 1/2. Like Joe I sold what I bought. But I also kicked myself in the ass (quite sore from everyone kicking it) for not selling everything else I owned. That is what I should have done. Clearly I would love the opportunity to replay that scenario again. Once you have decided to take your lumps (see Eddie Kim) the temptation to sell and keep any gain on the up move is difficult psychologically to resist.

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