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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: vinod Khurana who wrote (15434)8/8/1997 8:04:00 PM
From: Don Earl   of 42771
 
Hi vinod,

The market maker played me better than I played the stock today so I ended up with an exit price of 8 7/8. As Paul mentioned it will be interesting to see how the shorts play it before earnings. I still haven't decided where I want to be just before earnings. I'll probably take a chance but after last quarter it's a tough call.

We seem to be reading things about the same. I think if there is anything to justify it going into the 10s it'll keep going. It looks like next week will be ugly but I hope I don't find myself sitting at the table after everyone else has eaten. I expect either a slow drop on decreasing volume or if the shorts get hungry a sharp drop on high volume. A lot of different ways to play a stock. I hope we all get rich.

Regards,

Don
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