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: DJBEINO who wrote (18467)	11/12/1997 6:07:00 AM
From: Don Earl	Read Replies (1) of 42771

Hi DJBEINO, Very interesting indeed. On one hand there are folks that are willing to hold NOVL for seven months to sell options for a 1/2 and probably wouldn't be heart broken if their stock was called away at a 50% profit from current levels. On the other hand there are folks that are willing to buy large blocks of options that could be difficult to unload and could easily expire worthless. Personally, I think I would have a hard time taking either side of THAT bet. Options are fun to play with if a person has some chump change they aren't afraid to loose but they have some nasty ways of turning around and biting a person. I found out the hard way that they aren't traded the same hours as the rest of the market, and if nobody wants to buy when you are ready to sell, the price can take one hell of a beating before you get any offers. Also, if anyone knows of a source for price/volume history on individual options, I'd appreciate the information. Regards, Don

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