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: Serendipity who wrote (19838)	1/27/1998 4:20:00 PM
From: Paul Fiondella	Read Replies (1) of 42771

Well we have almost eaten through 6 7/8 in record time Closed -5/32 at 6 7/8 on 2846500 shares with 1506 trades. The volume is up over a million shares compared to the last week or two. So this qualifies as a move down on volume. I think we can bounce up to 7 (in a Novell typical counter market move should we go down tomorrow) but the inventory is very large at 6 3/4 and the news that people are getting is that MSFT is out to kill NDS. If it can get away with doing it by words so much the cheaper. An apology by the way isn't what MSFT is all about. It wasn't some underling that came up with the NDS non-support message. IT came straight from old ruthless. And a private suit will not do it. Only an anti-trust complaint filed with the Justice Department. But then again what does Novell have a BOD for. I'm not on it. YOU GUYS FIGURE IT OUT. But please do so before MSFT introduces some really nice bugs into NT 5.0 where it "interoperates" with Netware 5.0. Or did I steal the script? Back to the stock price, I'm not sure we will see a bounce. The volumes have been so low that I'm not convinced an oversold condition exists. In fact Novell traded today about half a million shares below what used to be an normal day. We are however getting into some area of movement. Lets toss this scenario out: Bullish if it moves up to 7 and holds for a day. Bearish if it moves up to 7, doesn't hold for even a few hours and then moves down to 6 3/4. Safe bet for tomorrow 6 3/4. ============================== Gee when do you think we will get a BOD meeting, at 6.28? At least when you are brain dead panic is out of the question.

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