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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: vinod Khurana who wrote (4413)10/31/1996 4:17:00 PM
From: vinod Khurana   of 42771
 
New York broker at Merryl Lynch expects NOVL to be very volatile over the next two months as tax loss selling comes into force. The stock is expected to barly touch $8 ($8 1/8) since that is the "bet" on the street. "It will happen and the street will ensure it" he tells me.
He is also telling me to start averaging down at the $8 range. The takeover if any could be worth as much as $4 billion or about $12 1/2. However, this is not expected for at least 6 months.

V.K
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