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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: BP Ritchie who wrote (18072)10/23/1997 2:08:00 AM
From: Don Earl  Read Replies (1) of 42771
 
Hi BP,

Off hand I would say the move is technical. The charts look absolutely beautiful. There should be plenty of room for it to run up nicely over the next few days. Volume moving up with price is very good.

We're also getting within a month of earnings, so those that want to see if Eric can show us the money may be starting to invest. Also, we are close enough to the end of the quarter that there are bound to be folks at Novell that have a pretty good idea of what the numbers will look like. Although that kind of information is supposed to be top secret, I've yet to not see a stock move up well ahead of good news. That's part of the reason I'm holding instead of trading right now. If it happens (it may not) there should be a pattern where it starts climbing through resistance for no reason without retesting previous lows. Then again, the S-8 filing mentioned down thread is probably as good an explaination as any. It's about time the folks at Novell are willing to invest in their own company.

I'm using a 30 day free trial with Zacks right now and they send e-mail on analysist up/downgrades. I haven't seen any changes in that area.

This is mostly speculation (opinion) on my part, I don't "know" either. I do tend to feel a lot more cheerful when the price goes up so I won't complain, but making trading decisions is a lot easier with more information.

Regards,

Don
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