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: Rich Young who wrote (18437)	11/10/1997 1:28:00 PM
From: vinod Khurana	Read Replies (2) of 42771

This could be the big one before November expiry.....My charts indicate that a run-up to $9 1/4 is imminent and that $10 could be easily achieved pending a big downturn in the overall markets. I believe that the big boy(s) is going to take us on a wild swing in this stock and before you know it, the press is going to print that a takeover is in the works. SUNW and IBM are the most likely suitors to be mentioned. Whether anything materializes remains to be seen. Also, based on recent activity, $8 is the level at which we have strong support. I strongly believe that we are about to rally...the $8 1/2 we reached today is the engine reving up for bigger gains to come in the days ahead. V.K

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