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: vinod Khurana who wrote (15145)	7/31/1997 5:01:00 PM
From: Don Earl	of 42771

Hi vinod, I don't really think 9 is wishful thinking. The 9 1/2 in three weeks just sounded a bit soon to me. Considering how over bought it was I think it's holding up pretty well. It bounced off 7 1/2 the way it has been bouncing off 8. I bought back the shares I sold Monday this afternoon. I should have sold some more Tuesday or Wednesday morning but I got greedy and waited too long. So with all this action I only improved my position by about a nickle per share. I suspect we'll be trading in the mid to upper 7s for the next week or so then try to break through the next level of resistance. Everything looks OK to me, I think we've turned the corner anyway. I seem to recall a post about a month ago that First Call had EPS at -.15 and I saw one the other day that it is at -.10. Was it revised upward? I think we're going to see better than expected sales with a lot lower expenses which should set the stage for a nice pop next quarter. Mid to upper 8s might not be that far fetched when earnings come out. Regards, Don

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