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: Jack Whitley who wrote (20819)	3/7/1998 2:32:00 PM
From: Paul Fiondella	Read Replies (1) of 42771

Yes jack but that's just the problem There are far too many people who have abandoned a balanced portfolio to go after the gold ring of tech stock run-ups. They have gotten used to these higher returns and will not be satisfied with a money market rate of return on their cash. In fact cash is considered bad. Debt is good. Consumption based on debt is good. The stock market is like the lotto---let's take a chance. Even with 401K's people have not bothered to rotate their portfolios. Its a potential disaster. Perhaps you and I only risk in the market what we can afford to lose because we understand the risks, but I doubt that is the way the average investor sees it. They have been told it is a "long term investment". As you may have noticed, you cannot smoke in an American movie theater. Know why?

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