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: bob smith who wrote (22913)	6/26/1998 8:46:00 AM
From: Paul Fiondella	Read Replies (1) of 42771

If you are getting a little nervous Longs can always sell out of the money covered calls (you can risk the 12.5 if you want to). Longs with a profit (are there any!) can always sell period. I am inclined to believe NOVL will participate in the second round of the Summer rally as part of a rotation. However I have not seen the euphoria that accompanies a Summer rally developing in this market. Earnings amongst the techs will have to be better than normal. So you are looking last week of July to mid August for your check-up. =============================== Apparently not very many people were caught short in options expiration trading because there was no price movement. As you know I'm short this stock and protected to the upside by options.

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