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: waldemar cyranski who wrote (22464)	6/5/1998 9:55:00 AM
From: dwight vickers	of 42771

Waldy, Lots of ways (currency futures/options), but if you want to keep it simple and less risky, I'd buy a Japanese mutual fund that doesn't hedge its currency exposure. I'd look for one that isn't in the multi-national, large cap Japanese firms. I'd want to play the rest of their market which in many cases is dirt cheap. It may be early, and the momentum is certainly against you, but their market is closer to a bottom than a top after 9 years of decline. One note of caution. In the last 4 days the Nikkei has been up twice and down twice. On the up days the volume was under 300 million shares. The down days it was 480-500 million, if memory serves. Those are negative trends and may mean the Nikkei is preparing to break its lows. Staying away from the big caps may insulate you from Nikkei weakness, but it's worth keeping an eye on. Good luck, Dwight

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