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: Steve Fancy who wrote (21296)	3/20/1998 4:33:00 PM
From: Spartex	Read Replies (1) of 42771

Steve, Yes your explanation helps, but I'm surprised that any option under 3/4 just gets thrown in the toilet. It may depend on ones brokerage house I believe, and if one wants the shares, and the bid is still 1/2, I think they give you the right to buy them. Conversely, the brokerage house can clear them for you automatically if a premium still exists. Not sure where Schwab's cutoff is, but I believe its below 1/2, and above 1/4. Again, I don't work in the business, but thought those were the choices. Regards, Quad-K

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