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: Don Earl who wrote (17973)	10/15/1997 1:40:00 PM
From: vinod Khurana	of 42771

Hello Don, I sold the INTC puts this morning at $8 3/4 and covered my short position on the stock at $86. I made a nice little profit on INTC and would short it again when it goes back to $90 - $92. Next short is MSFT. I think the stock is ahead of itself and has the potential to fall to $125 after earnings are released which I believe is next Tuesday. I bought five (5) Nov. 135 puts at $5 1/4 this morning. As far as NOVL....I am still looking for it to strike $11+ over the next 10 weeks with a potential to go above $12 1/2. For this reason, I am long on the Jan. 5 calls. V.K

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