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: Don Earl who wrote (15361)	8/7/1997 4:48:00 PM
From: Paul Fiondella	of 42771

Yes but it is always dangerous to label someone either ignorant or stupid especially when they disagree with you. Now I can give you an eample of someone that is both ignorant and stupid. A fellow I know is in charge of a Novell network. He doesn't know the difference between a floppy and a hard disk. This makes him ignorant. Now he also doesn't think he needs to know these details---even though he has no on-site network administrator and noone working for him trained in Netware administration. Fairly recently his system crashed. He immediately called the police and demanded an investigation of the "sabotage" that had taken place as he glared at various department personnel. The police found no sabotage just a hard disk failure. This fellow is both ignorant and stupid. However most people that post here are neither. They just have different trading strategies and levels of understanding of the technology. There is a danger in getting too close to the stock or making false assumptions. Yours appears to be this---that the stock runup was revealed in the charts and is some kind of inevitable trend associated with a Novell turnaround. The fact of the matter is that word got out about Slitz and his appointment and the implications are responsible for the run-up. The market has been waiting for Novell to fix its marketing problems just like it waited for a new CEO. A good appointment meant a good runup. It happened before and virtually everyone here played the stock for a quick 1 1/2 withthe Schmidt announcemnt. You may see something else. However you haven't been around all that long. You haven't seen the way the shorts play the stock around earnings time. As to the fundamentals, nothing has changed since Salah's evaluation. I'm happy you are making money and I hope it doesn't remain a paper pipe dream. ========================================= Today's chart shows an immediate spike up to 8.85 on heavy volume in the morning at the opening. A volume dip as the stock briefly sold off to 8.65 followed by heavy volume right back up through 8.85. The stock then leveled off at 8.8 on low volume until the close where it broke through 8.85 to 8.9 on heavy volume again. It closed at 8 29/32 up 9/16 on 11,227,000 shares. Another terrific day in this Slitz rally. I'd really like to know what the short term players are doing. We will not know what the 11 million shorts out there did in response to this rally until the 16th or 17th.

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