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: Paul Fiondella who wrote (21427)	3/26/1998 2:53:00 PM
From: Steve Fancy	Read Replies (1) of 42771

Paul, I was taking the same position...last month was the first in almost 9 that I lost money...$400 on Novell. Other than that I sat out the rally thinking every day we were coming down. Got back in a week and a half or so ago selling TBR and NVLS puts...up nicely so far, ready to bail on a moments notice. Course TBR is a Brazilian stock trading at a P/E of 12 in a market 17% off it's 52 week high, with the promise of great wealth on privatization later this year...shouldn't be affected to drastically if we go down, might even go up. Watching for a Novell position...if it were to hit 8 - 8 1/2, I probably won't hesitate. Otherwise waiting for the big pullback, waiting for the treasure chest of opportunities that usually follows. I still think we stand a chance at 9000 before a major pullback. If ya can't beat 'em, join 'em. sf

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