Novell (NOVL) dirt cheap, good buy? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: EPS who wrote (21656)	4/12/1998 9:17:00 AM
From: SirAlexx	Read Replies (1) of 42771

While many of you on this thread are pure fundamentalists I am approaching this stock from a purely technical basis; and technically speaking, NOVL appears poised for a run at 13-15, from which point it'll be a coin toss. To those who say the fundamentals are weak; I disagree. We have two straight quarters of profitability after last years train wreck, and CEO Schmidt out drumming up the charge by stating NOVL would ship more products this year that at any time in their history. Couple that with negative investor sentiment and money managers across the country with bulging pockets and all it should take is one serious upgrade by the analyst community and they'll fall all over themselves trying to get positioned. I try to keep my projections conservative, but the 13-15 resistance zone appears to be the near term target.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next