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

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To: Spartex who wrote (22358)5/28/1998 3:29:00 PM
From: ToySoldier  Read Replies (1) of 42771
 
Quad,

This stock belonged in the $11 range. I dont know why the fast hitting spike brought it there but this is almost a correction of the correction for NOVL. The Q earnings report for NOVL came out at exactly the worst time (right before a market correction and was it not the time of options as well).

I would think with the global markets still feeling a little sea-sick, NOVL's stock might dip into the upper $10s once again but it should stay in the $11 range for the longer term (next 4-5 weeks).

Remember what I was saying to Paul (and anyone who was reading) yesterday about about buying the bargains at $10 yesterday.

Ohh well, what do I know anyways. I dont own any of this stock and I dont quote/spew rear-view mirror figures and stats! So I must just be a great guesser.

Good to see it went back up for you Quad. Congrats!

Toy

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