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

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To: Jack Whitley who wrote (20918)3/10/1998 8:29:00 AM
From: dwight vickers  Read Replies (1) of 42771
 
Start with RCA in 1929. Radio was the internet of its day.

Xerox, Polaroid, Kodak in 1973 for tech companies. Avon as a non-tech.

Don't be lulled to sleep by the 10% margin in 1929. There was no such rule in 1973. And neither period had 125% mortgages, futures or options bought on minuscule margin. I would say that leverage is much more of a problem today than it's ever been.

You also won't find total debt at 250% of GDP like it is today. It peaked at 150% at its highest previous level. How about debt exacerbating other problems as they arise?

There is a book on Jesse Livermore. The Rise and Fall of a Stock Market Operator, or something close to that.

If you are suggesting you'll be selling at the top and buying at the bottom please post those levels on the board so we can all profit.

And keep records because there will be many books written about you.

Good luck on your research.

Dwight
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