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: Joe Antol who wrote (18742)	11/26/1997 4:20:00 PM
From: Don Earl	Read Replies (1) of 42771

Hi Joe, Yep, Microsoft won again. It makes me mad because I believe that in the long run a lot of good technology will be replaced with whatever Microsoft can slop together. I bought some Jan 10 puts this afternoon to round out the 7 1/2s. TA, news and market conditions should make it a nobrainer. I would have stayed long if there were any indication that Novell was willing to do battle. They're cowering in a corner and trying to pull the hole in after them. I'll be double damned if I'll cheer Microsoft on and I don't have the heart to wish Novell or any of the longs bad luck, but the play is too obvious to pass up. Beside the puts I'm holding APM and cash. APM is an oversold, bottom fishing, value play. With recent gaps in the chart all the way into the 30s. At the 52 week low around 16 the PE is 4.5. We'll see. It should be more fun for me to stay on the thread and rag Novell lurkers about their lousy marketing while holding puts than it was while holding a ton of stock. It looks like most of your stock is up today. Good luck and Happy Thanksgiving. Regards, Don

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