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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: E_K_S who wrote (4449)10/31/1996 11:58:00 PM
From: Joel Brussell   of 42771
 
Big volume with little net change on the day is usually the sign of a short term bottom.
This coupled with extremely low RSI, implies at least a bounce is in order. If the bounce is anemic without much volume or momentum we may have more work to do on the downside.
With the stock on its low I can't believe the earnings are gonna be any good. But that may already be discounted in the stock.
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