Novell (NOVL) dirt cheap, good buy? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: BP Ritchie who wrote (15865)	8/21/1997 12:19:00 PM
From: Matthew Leo	of 42771

Hi BP - In regards to your view of recent trends I think there is reason to be optimistic. As to this earnings announcement, the chart says cautious optimism - modest volume, price slightly up Longer term - when we crossed 144 dma it was trending down - better if it was trending up. So we couldn't hold and will try again - next time hopefully the 144 will be heading up when we cross. However, moving averages (13,21,34,55) still confirm overall advance. Even if the price did not go significanly higher from here, that would not necessarily be a bad thing - actually quite good. Another month or so in here (with indicators contiuing to be positive) would build a stronger base going into the next advance and produce the convergence I always see when sustained rallies begin OBV (volume) so far confirms advance. Volume as an indicator - I do not believe we've seen a top - tops are usually marked by extra ordinary volume (heavy buying).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next