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 (18117)	10/27/1997 12:26:00 PM
From: Steve Fancy	Read Replies (1) of 42771

V.K., heck with the charts, I personally wouldn't buy till the 7 1/4 - 7 3/4 level. Remember we're likely to hear bad news in 4 weeks, and Novell seems to have left themselves open to coming in anywhere. They called the last quarter the kitchen sink quarter, and I believe they recently labled this quarter as being some kind of management overhaul quarter. Watch...next quarter will be the relocation quarter, the quarter after that, I don't know, maybe the streamline new facility quarter. Based on the stock price activity, I'd guess the street is looking for numbers better than worse. We'll see what happens, but with all the tech bargains developing out there, I'd hate to see folks blindly buying this highly speculative stock. V.K. - how ya doin on those November 130 MSFT puts...MSFT has been hanging on very stubbonly throughout the bad news revolving around them and this market. It may go down as everything else finally reverses course. Thank god I'm out of everything right now other than a biotech company that I'm taking a little gas on. sf sf

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