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: Don Earl who wrote (20332)	2/26/1998 12:13:00 PM
From: E_K_S	Read Replies (2) of 42771

Hi Don: Novell continues strong this AM and it appears that the big TA TEST will happen today. There is very good volume this AM with more than 5.03 million shares traded as of 9:01 PST. Yes the $9 5/8 resistance will be the key number today. The 5 minute chart for yesterday and today show an excellent up trend pattern. The 200 day MA is at 8.917. As far as the fundamental, I was quite disappointed with the fall in revenues but I think they have now stabilized. I believe the free flow cash flow still remains positive too. There are always unexpected events in the future which have yet to be factored into this stock.... It is quite possible that a Netscape/Novell merger could happen and this would build more premium into the stock. Looking for $10 if we can break and then hold $9 5/8 today. EKS

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