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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Paul Fiondella who wrote (22313)5/27/1998 10:54:00 AM
From: ToySoldier  Read Replies (2) of 42771
 
I have looked at the %age correction but I dont put much value in a %age correction. Lower priced stocks always have a higher %age correction - that is inevitable.

Lower priced shares will also have a greater %age rebound. When the NOVL stock returns to the mid $11 range, will you raise the flag and cheer that NOVL out-performed all the high priced stocks. About a week ago NOVL stock increase about 5% in value on one trading day. I didnt hear you brag about that.

Therefore, I will repeat myself, percentage drops and rises on short term out-looks mean little. If you are a day-trader then I would agree with you that this means a lot.

In fact, I have stated here and on the Yahoo board that there is a lot of money to be made by bigger investors that would use NOVL for Day-Trading. If I had the cash position, I would have been buying NOVL in the 10.5 or lower range. Then next week I would be selling NOVL in the $11 range. Back and forth - over and over.

You are right - I do like NOVL. Because I know what technology they have to offer the industry, the market share they still hold in the industry, and the troubles that its major competitor will be living through in the next 1-2 years.

I will say it again, NOVL stock will be in the upper teens by Nov.-Dec.

Toy
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