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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Spartex who wrote (23139)7/20/1998 12:19:00 PM
From: Paul Fiondella  Read Replies (2) of 42771
 
We still need to hear from Ben

The only way I can go with the autoexercise theory is if some people actually paid more that 9/16ths for the 12.5's. That's only 281,000 shares incidentally.

The spike up last week and the spike down this AM would be a very weird options play. Perhaps Ben would like to research the issue of Novell's place in the S&P. I have always had a feeling that Novell's stock price had some relationship to those options but I don't know enough about it.

As to the current price, well you know those MM's. Keep the price close to the nearest option strike price for as long as possible.

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With options expiration on August 21st and Novell reporting after the bell that day, watch out.
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