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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: Paul Fiondella who wrote (23609)8/25/1998 4:59:00 PM
From: Spartex  Read Replies (1) of 42771
 
Paul:

<<To: Al Stutchbury (23607 )
From: Paul Fiondella
Tuesday, Aug 25 1998 12:11PM ET
Reply # of 23615

Back to NOVL --- stock is up 1/2, 4.37% on good volume

This is the second day of the NOVL rally. However we are still well below the stock's high. (I guess all of the momentum players are in their coffins.) Not a trend yet but very promising. Anybody following the charts?
.....I do not think I have ever seen NOVL do a three or four day rally, wouldn't that be a refreshing change.>>

Looks to me that certain analysts (e.g. MS-DW and Goldman Sachs) with "holds" on NOVL may be reconsidering their position on the stock. This is what I sensed may happen after last quarters earnings, when there was more than enough empirical evidence to make a more positive rating. Yes refreshing, especially in a weak and directionless market! Novell has direction for the moment. =;-)

Regards,

QuadK
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