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: Paul Fiondella who wrote (19243)	12/26/1997 1:25:00 PM
From: Paul Fiondella	Read Replies (1) of 42771

Short interest for December --- 12/24 11,504,931 down 4.1% from NOV. So Novell remains one of the major shorts on the NASDAQ. Watching the stock today I saw this pattern. The stock sits at a trading level and doesn't move even though substantial orders build up within 1/8 of a point of the market. Even on the thinest of bids posted it stays stuck at the ask and vice versa. Although I see a definite prejudice to hold the price up. The shorts haven't covered, the price is being held up, and an enormous number of trades build up jsut below the market and do not get executed. ALthough I said preciously that I thought I might start buying this stock above 7, this pattern makes me wait. At some point the dam will burst.

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