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: steve wilder who wrote (23148)	7/20/1998 3:59:00 PM
From: Procreant	Read Replies (2) of 42771

Steve is right, today is the first trading day employees could exercise blacked out options. I am certain that is why there were 1.5 million shares sold in the first 45 minutes this morning. Novell execs however, are still unable to exercise since we are in the last two weeks of the quarter and they are restricted from doing so. Here's a thought for the "MM conspiracy theorists" out there. The MM's drive up the price of the stock through heavy trading volume on Wed. and Thurs. of last week in order to reduce their inventory in preparation to absorb Novell employee stock options at a savings. They let it drift down on Friday during normal trading volume and buy employee shares who are selling "at market" at 12.5 - 12.75 today. Huge savings! Is the SEC watching? Probably not, we'll have to stay long.

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