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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: dwight vickers who wrote (22121)5/19/1998 5:15:00 PM
From: Ghassan I. Ghandour  Read Replies (1) of 42771
 
This pre-earnings move by NOVL is unlike any I saw during the past two years of watching and being long the stock (occasionally trading in and out with part of it). For one thing there is this big volume. Second there are these valuable upgrades right before (who in his right mind sticks his neck out right before the numbers are released?) Finally, the stock is literally fighting its way up, consolidating as it does. If earnings come good (with a light positive surprise) as I thing they will then the stock will initially rally. There will be a pullback, of course, as the market is in the mood for taking profits when one can. But, after all the dust will settel, the trend will be up. For two years, I have been waiting for this to happend (fortunately, I am not selling any calls on my position right now -- after earnings, I might). But, I have been predicting this since two earnings ago. After last earnings I said here that the next one will tell the tale. IMO, it will. Go NOVL... Ghassan. P.S. How come the company did not go through a quite period before earnings like it did with every earnings before? It used to be that PR would dry out prior to earnings. What a change!!!
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