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: Bruce Weisman who wrote (4446)	10/31/1996 10:07:00 PM
From: E_K_S	of 42771

Thanks for the update on the daily trend...Very interesting! What's the Open Interest look like and where is it expanding..puts or calls and which months? I noticed a few things. 1) 1/3 volume below $9 and 2) 2/3 volume above 9. Also, perhaps a lower low was set with the 6 million volume as the previous low was set on 12 or 24 million shares. Was this a volume reversal today? Do you think some large institutions were selling today and hedging their position with calls 31 days out? Again thanks for the update...please post again when there is a significant reversal of trend. EKS

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