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: E_K_S who wrote (20358)	2/26/1998 7:37:00 PM
From: Paul Fiondella	Read Replies (1) of 42771

Novell longs are entitled to the benefits of a momentum market If anybody has held this stock from the $11-12 days, you guys deserve a break. Look at the run up in the face of fundamentals of many of the tech stocks this month. To me it is frightening because I know what this can mean if it unwinds on the average investor. The guy who ultimately suffers is not the guy hyping the stocks and wheeling and dealing (just what the Japanese did in the late 80's) but us, the average investor who buys into a momentum play and doesn't get out before the music stops. It reminds me of 3COM in the $80 range. One cannot argue with a momentum market until it lose its momentum and then its like a balloon puncture. You can't fix it and there's nothing inside it but hot air which is basically worthless.

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