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: dwight vickers who wrote (22430)	6/4/1998 8:53:00 AM
From: Paul Fiondella	Read Replies (3) of 42771

(Off Topic) Ghost of 87 The British raised their bank rate today by .25%. Next in line are the Germans and then (sound of music in JAWS), oh no, THE FED...... Why? When? Well not soon. But here is the Why? A study published yesterday by the Institute For International Economics in Washington, a highly respected think tank, said that a number of currencies were now overvalued---in particular it found the the pound to be 25% overvalued and the $$$ to be 30% overvalued vs the Yen. The data they used to reach these conclusions, structural inflows and outflows of capital and current account deficits in relation to GDP. Whereas the Brits immediately and as a surprise in London raised rates on the cover of the report, we know the Fed will have to wait until wage pressure gives them cover---today unemployment went up so that excuse will not do it. Meantime the $$$ continues upward and the Yen downward and the elastic gets stretched and stretched. ================= I wonder how many people got out of this market when the getting was good? I think I should charge. <GGG> iie.com

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