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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Joe Antol who wrote (19055)12/11/1997 8:59:00 PM
From: vinod Khurana  Read Replies (1) of 42771
 
Historically speaking, December is a month in which the Santa Clause rally begins and extends into the new year for the new year rally.

Only suspicious thing about NOVL is that in down markets it hardly falls and in up markets it actually falls. Inbetween these two events, it rallys a full point only to come back down. Makes me wonder if the big boys use NOVL stock to park their hard earned cash during a turmoil period and spend it on other stocks by selling it in good times.

Imagine, when the overall market falls, they buy NOVL but not to push the price up but as a safe haven investment(some what like what is happening in the bond market these days). In good times, they sell the stock and put the proceeds into MSFT, Cisco, ORCL, CPQ, and IBM. Can that explain the behaviour of this no good stock ?

Besides the fact that we must convince that NOVL is not just a one product NetWare company, we have got to send the message to Wallstreet that NOVL is not a safe haven for parking their cash and taking advantage of its stable stock price.
No siry Bob, NOVL is not to be substituted for Gold. NOVL has its own place in the financial markets and we want to keep it that way. NOVL is NOVL...the mother of all dog stocks.

V.K
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