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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: EPS who wrote (21990)5/13/1998 12:12:00 PM
From: Brian Malloy  Read Replies (1) of 42771
 
To all, very interesting...

Check out the NOVL chart from 20-27 Feb. Both price and markedly heavy volume expansion and see how it broke out to a new trading range.

Now consider 11, 12 May and this huge volume today, hopefully, we will get some carry over on Friday as well. I think it fair to say that a breakout may be under way. We may be looking at a new range in the $11-$15 dollar area.

I've gotta believe that some institutional money is flowing in to the stock now.

Regards
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