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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Eddie Kim who wrote (16653)8/27/1997 9:36:00 PM
From: vinod Khurana   of 42771
 
O.K Eddie, do the following and you will rock 'n roll...just what NOVL wants us to do.

1. Get a printout of the 100 Month chart from SI.
2. Draw a straight line touching the low points made 38 months ago, 47 months ago, 49 months ago, 60 months ago, 64 months ago and to the recent low of $6 1/4 made two months ago.

Do you see it ?....the support line !!

3. Now draw a parallel line and have it touch the high points made 26 months ago and 29 months ago.

Do you see it ?....the resistance line !!

4. Take all the good news of recent days including the rumour but especially the fact that the stock is now being recommended by the big boys.

5. Consider that this stock could NEVER contine going down and especially so with the market up so high over the same period.

6. Consider the fundamentals now in place...and only to get better
as our Dr. puts things into place and slowly get rids of the old BOD.

7. Market sentiment is in favour of a higher stock price.

8. Options going forward are trading as high as $20 with $12 1/2
a sure bet.

Put it all together and you will that the trend is up. It has to break $13 which I see it doing within 8 weeks...maybe slightly longer if the market corrects.

Eddie....it cannot look any better for a company whose stock price is dirt cheap, has $1 billion in cash and still commands a sizeable chunk of the LAN/WAN operating system market.

V.K

P.S I still expect a drop to $8 1/2 before the rally continues it course. The $8 1/2 falls within the band you drew on the chart. $8 3/8 is where the "minor" gap exists.

NOVL is a great buy below $10. Thats the bottom line.
V.K
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