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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: Don Earl who wrote (20699)3/5/1998 8:29:00 AM
From: dwight vickers  Read Replies (3) of 42771
 
OFF TOPIC

Speaking of which.........

Maybe this isn't the best of all worlds, huh? Funny what always follows the best of all worlds is--disappointments?

However, I have to say that there is always the possibility that this will truly be another buying opportunity.

Every drop has been followed by new highs, this time may be no different.

The danger is that with the S&P at an unprecedented 26 times earnings, the risk lies on the downside longer term.

One of these tops will be the final top. One of them won't be followed by new highs for a very long time.

Anyone willing to state definitively that this will or will not be that top?

Maybe the person who just discovered technical analysis and gave us the wonderful tutorial? (Nothing personal---all opinions welcome)

I will resist gloating (as some do) over short term moves, since what Paul and I have been warning of will only be determined over the VERY long term. Not with daily, weekly, or even monthly moves.

Dwight
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