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: dwight vickers who wrote (17934)	10/10/1997 6:19:00 PM
From: Don Earl	of 42771

Hi Dwight, I pretty much agree. A person would have to be mostly brain dead not to expect a correction of some kind after an 11% gain in one day. However I usually watch the action tick by tick and the manipulation that takes place on occaision is just plain blatant. Long term trends are built from short term trends and if market makers habitually short a stock to fill buy orders, it's bound to have a negative effect over a long period of time. After awhile people just won't pay the higher price no matter how good the news is. The pending release in a few weeks of NDS for NT should be a real money maker, not to mention that Novell probably just cut Microsoft off at the knees on their directory. When the price drops from low 9s to 8 3/8 in a few minutes the week before(no reason for it, it happened with very little selling pressure on very low volume), it makes it pretty hard to support a higher price. I was under the impression that a short sale would show up on the bid side. Is that wrong? I probably should be trading NOVL right now but I'll be damned if I'm going to pay a market maker $600-$1200 every time I buy or sell. It's too much of an advantage to give up for fractions. Regards, Don

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