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: Spartex who wrote (21371)	3/23/1998 2:39:00 PM
From: Don Earl	Read Replies (1) of 42771

Hi Quad-K, Not enough volume and too much selling pressure for a resistance breaking move. The gap happened on low volume and the attempt to break 10 3/4 has failed 3 times so far today. Media hype from Barons isn't a good enough excuse for a 5% gap. That has to fill to get a clean chart. My guess is it will end up going flat around 10 until some kind of more urgent news kicks it one way or the other. Not enough short term downside to make a good short play and too expensive to start a long position. I suspect by the end of the week it will be too boring to watch. Regards, Don

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