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

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To: ToySoldier who wrote (21335)3/22/1998 3:30:00 PM
From: Don Earl  Read Replies (3) of 42771
 
Hi Toy Soldier,

Actually, I've made money on most of my NOVL trades. It's basically my opinion that the whole market has their heads in the clouds at present. Not just about NOVL. The ability of investors to totally ignore bad news and it's potential impact on the price of the stock they are buying at all time highs amazes me. NOVL is not unique in that respect. I just happen to follow it more closely than some others.

I've noticed that you tend to be one of the most bullish folks on the thread, yet you've posted that you don't own the stock. At a certain point I guess I have to start wondering why. If it's a full blown turn around, and there isn't any bad news, and it's going to go up forever, and the competition doesn't matter, why not pick up a few shares? Or at least share your opinion of what price you're waiting for to start a position.

Regards,

Don
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