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: Wallace Rivers who wrote (4414)	10/31/1996 6:43:00 PM
From: Larry S.	of 42771

Why mutual funds close out there books by 10/31. The funds have to pay capital gains on realized gains and losses. Any gains or losses must be realized (position sold) by 10/31. So if fund is sitting on gains, it looks to dogs to sell to offset gains. Novell is a woof woof so far this year, and valuable candidate to utilize loss. perhaps tomorrow and afterward these stocks will not be subject to this selling pressure by institutions. of course individuals can still sell up to 12/31. Novell seems awfully cheap here. buy at 9 or so and have faith. Larry Shapiro

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