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 (4206)	10/20/1996 6:14:00 PM
From: Ghassan I. Ghandour	of 42771

I like your post. It echoed what I feel and sometimes expressed on this board. In particular, I never believed that NT will beat NW at the end based on what I have seen and what is available to me for use of Microsoft products (they always lack the real thing while trying to appear impressive). Comparing NT to NW is like comparing a convertible American car or Fiat to a Ferrary. I also agree completely on the risk versus award thing you described. People who keep thinking about the missing opportunities out there are exactly like the ones who have no position in the market and see the market go up and feel sorry about what they are missing. When suddenly they buy into the market and starts seeing their equity going down they get scared and think that they are the unlykiest people in the world because things only got bad as they stepped into them. Your remark about the stock not plummeting after FB's departure from the company and the resulting disarray of the management and the vaccuum that is left is very true and significant. I would have been worried with NOVL at 10 if everything were fine at the company's management level, but as it is, I know it is here because of that. Also, if Novell is to blow this quarter, what is know? The company has been doing this for as long as I have been looking at the stock. On the other hand, if the company meets expectation, let alone surprises positively then watch out shorts. Eric says that institutions would wait to see three positive quarters before stepping in! Who was buying the stock during the 12 million shares rally that happened two weeks ago that raised the stock 20% in three days? (Unless it was the company finishing its buy back program, but was it?) I still don't think the stock would close under 10 anytime before earnings, as for the rebound, I can wait. As someone reiterated here recently, patience is the first pre-requisite of any one willing to invest in this stock -- a quasi infinite amount of patience. Ghassan.

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