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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: dwight vickers who wrote (18775)11/28/1997 5:25:00 PM
From: Don Earl  Read Replies (2) of 42771
 
Hi Dwight,

There was a S8 filed Oct 22 to issue an additional 4,000,000 shares for the employees stock program. Your guess is as good as mine where the extra 4,000,000 came from.

Following the discussion on insider activity, I'm not sure if Scott understood the difference between Presidents, Vice Presidents, Directors, Financial Officers, etc. that are in a position to have very confidential information that would be a clear trading advantage over the average employee. To my knowledge employees don't have to file and their trades are not reported. Yes?

Last spring I was looking through insider trades at insidertrader.com and noticed that almost every officer in FLEXF had loaded up at around 24. It was trading around 18 at the time, a few weeks after the reports were filed. I was burried in NOVL with losses I couldn't afford to walk away from but I have tracked the stock since then. It's currently trading in the mid 40s and I seem to recall it breaking 50 a few times. Just an example for those who do not believe that a lot of insider buying is a sign of good things to come. I don't believe it's the only thing a person should look at but it is certainly a factor.

IMO this quarter was a book keeping surprise not an earnings surprise. I suspect the Chief Financial Officer felt the same way when he sold 10K shares at the end of October rather than waiting three weeks for the numbers to be released.

Regards,

Don
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