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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Frederick Smart who wrote (22729)6/17/1998 8:23:00 AM
From: Paul Fiondella  Read Replies (1) of 42771
 
Actually Fred you haven't read my posts closely

"I'm short ---- NOVL. On the theory that no stock can resist a market collapse on the rumor of a turnaround."

I'll stand by that remark. Of course you have to have a market collapse for it to be true. As you can see Fred I stay up quite late watching the Asian markets. I'm not alone in doing so. Soon someone here in New York will open a special club on Wall Street for the gathering late night crowd.

To refresh your memory, my investment position is as follows. Short term Calls (of which NOVL is one), Long Term Puts, plenty of cash (you may recall I got into Treasuries at 6% not 5.64%), and gold as a hedge.

That's the plan, sorry about those Bears and Bulls.
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