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

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

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From: Arthur Tang	6/1/2007 5:14:38 PM
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Short interest(NASDAQ traders) at the end of May, 2007 went down to 11.740 million shares. On daily average volume of 5.45 million shares. Yahoo investing projected target price of $8.06. And today, the closing price is $8.05. My new target price is $10.00 in three month, since recent nice move happened when Novell almost turned around with negligible loss of $110,000 last quarter on volume of over $235 million. This may promote some investors to take some profits off the table, and short interest will fall further. Small investors will come in and get some distributed wealth, trading Novl lightly, before Novell starts to restructure.

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