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: dave luken who wrote (21855)	5/5/1998 2:06:00 PM
From: dwight vickers	Read Replies (1) of 42771

Dave, The Form 144 is an "intention to sell". It precedes the actual "sell" filing and should be considered a "dupe", in many cases. The selling of NOVL shares by insiders is not at a level that should be considered a "sell" signal. What is a problem is the absolute absence of any open market buying by anyone involved with the company. Zip, zero, zilch. Their excuse, of course, would be that they are buying through the company "stock purchase plan". A weak excuse indeed, since that stock is bought in tiny quantities, at a big discount. Not exactly confidence building. It is, if nothing else, a symbol of the poor politics still being played by this company. Schmidt talks to a group of disinterested money managers? If he wants to know what will get them to buy NOVL shares, it's his purchasing shares in the open market. Followed by buying of shares by other execs. Ask them. Yes, many other tech stocks have done well when mgt. has been selling shares. But they were stocks that were way up in price. Not stocks trading near 5 year lows. Insiders sell all the way up, but it's when they sell all the way down that it's a concern. Dwight

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