Novell (NOVL) dirt cheap, good buy? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Novell (NOVL) dirt cheap, good buy?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jack Whitley who wrote (3574)	9/15/1996 9:35:00 AM
From: Ghassan I. Ghandour	of 42771

JWW: I like your post to David. In fact I was going to post the same when I saw yours. Some guys keep posting as if NOVL were trading at an all times high. I mean we all know the extent of the problem with the company, but the question is whether the stock has been highly over-sold and the company over-punished given all the assets and the possibilities for a turn-about etc... These guys are making a "very dangerous" suggestion when they invite people to sell the stock at these levels and put the proceeds in another stock that will appreciate in price near term. It would be more likely then not, in todays market, that people who would do so end up loosing much more money than they would by staying with Novell. I did sell the stock at 14 1/2 and even sold short then (which in retrospective was smarter than what David did). But I did get back in at 11 and 1/8. In the mean time I bought Borl at 15 then at 11 and 8 using the proceeds from selling NOVL. I would have been better off staying with Novell. Three weeks ago, when NOVL was at 10 1/8, I predicted that the stock will not close below 10 anytime in the forseable future, and David was sarcastic about my prediction. Well, some on this thread are expecting the stock to be in single digit next week. I still don't think that will happend. In fact I think it will take a very lousy earning report to take the stock into single digits, this in spite of the difficult month of September and the tax related selling and all that kind of stuff that is going to put pressure on stocks that performed badly during the year. David talks in general terms as if he was discussing Microsoft or Vitess whose shares are highly valued, and never makes a forward looking prediction about the stock price near term so as not to be proved wrong. He sold his shares (at a loss) and he is happy the stock is so much below. I think that when the stock will go up 10% he is going to feel sorry he did not buy at the bottom at 10 1/4 instead of waisting his time commenting about the company. The same goes for some other persons on another thread who are looking for somebody to convince them that the stock should be bought at these levels. If what they are looking for were readly available, the stock's price would have been double what it is now. When Peter Lynch was accumulating Chrysler, I don't think he could have convinced anybody else to do so. Had he been able to do so would have prevented him from further accumulating the stock at the low price he did. Finally, there are people in the market who are able to know about the stock anything negative that David and others keep posting here and yet they decided that the stock is a good value at the present level. Unlike David et al. they have put there money where there mouth is. Ghassan.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next