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: Jack L. Dlugach who wrote (16411)	8/26/1997 3:17:00 PM
From: vinod Khurana	of 42771

Jack and all...for crying out loud, there is no buyout. Options are always the investment vehicle to getting big $$$ from a takeover but the fact they are not fetching much of a premium implies institutions are returning to NOVL but only for long term reasons. The recent announcements mde by NOVL have been +'ve but the arbitragers are not present here. The call option volume is NOT indicative of insider information being leaked. Take a look at the history of the chart and anytime you have this much volume, it is indicative of a top in the short term. I repeat...THERE IS NO TAKEOVER IN THE WINGS. Back to $8 1/2.

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