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: vinod Khurana who wrote (17920)	10/10/1997 2:34:00 PM
From: vinod Khurana	of 42771

Of topic to NOVL buddies out there* Seriously, check out St. Jude Medical (STJ - NYSE). Volume on this stock just over 1.5 million shares and on the uptick. The last time it did this(Sept. 19th, 1997), and the stock rallied from $32 to $36 1/2 within 3 days. Based on the buy recommendations that come out each time this stock strikes $32 (as there was one today and on Sept. 19), I can only assume that the fundamentals are intact for this company. Therefore we need to look at the technical picture. Take a look at the chart and tell me you don't see it going up over the next week (ignore the 50 day MA - the stock has dropped rapidly in a very short period of time): dbc.com Support is $32 and resistance in the mid to high 30's. V.K

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