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 2:12:00 PM
From: Don Earl	Read Replies (1) of 42771

Hi Rich, Unless a person tells their broker to fill the order in one piece (all or none) it's common for a larger buy order to fill in pieces from smaller sell orders comming in. The only reason I can think of to place an all or none restriction on an order would be in the case of a thinly traded stock where one would want to avoid paying a commission for a small partial fill. On a stock with NOVLs volume it shouldn't be necessary. IMO trading large blocks of anything that doesn't do a decent volume isn't a good idea anyhow. Too hard to get in or out. The bad part is it's hard to tell if there are a bunch of people buying up a few K shares or one large buy in the middle of a sell off of small blocks. The other thing that I think happens sometimes is that traders see all the sales going across and jump in with their own orders. Generally a large buy order is considered a good sign. It isn't something that alone justifies taking out a mortgage on the house but the theory is, that people with that kind of money know what they are doing. Not necessarily true, but that's the idea. Regards, Don

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