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: vinod Khurana who wrote (19369)	1/5/1998 12:57:00 PM
From: vinod Khurana	Read Replies (2) of 42771

The previous days closing price and the next days opening price left a gap in the week ending Nov. 28, 1997. $9 1/4 will get filled pending any bad news of course. Investors in my opinion are going to push this stock beyond $10 in 1998 as I fail to see its 52-week high in the $8 range. From current levels, that represents a gain of over 25%. Will the DOW gain more than 25% in 1998 ?....I doubt it very much. The downside has risks no doubt but if the company can maintain earnings in the $0.01 - $0.05 range for at least two more quarters, then, we should see the stock beyond $12 1/2. It may not hold above this level too long but I believe it is coming....call it a suckers rally. I will have my finger on the trigger at $11 - $11 1/2. Good luck to all new comers and Joe, try a few in the money call ($5) options that are at least 3 - 6 months away. A 25% gain is better than the measly 1.5% I earn at Barnett and NationsBank. V.K

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