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 (20076)	2/10/1998 5:04:00 PM
From: Ghassan I. Ghandour	of 42771

There is a pattern here. Yesterday, it spiked to 8 1/4 early in the day, then it slowly declined and even went a hair below the technical resistance/support at 8 but closed at exactly 8. Today, it closed above yesterday's top of 8 1/4. To me this indicates a bullish trend or that something good is cooking (the larger than usual volume supports this conclusion). By extrapolition, the stock should open tomorrow above 8 9/16 and repeat the same pattern. Of course, we will see, but if it does I will add to my position toward the close even though I am well invested in the stock. Go NOVL and Go BORL ... Ghassan.

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