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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Paul Fiondella who wrote (23638)8/27/1998 10:13:00 PM
From: ToySoldier  Read Replies (1) of 42771
 
It was only a matter of time Paul. With Asia in turmoil, Russia's currency and economy falling apart, and all currencies dropping fast below the US dollar - no economy will be immune for too long.

And the US Economy will eventually begin sliding since their currency has sky-rocketed past all other currencies, U.S. businesses and citizens will dramatically increase the amount of times they take advantage of the power of their dollar to foriegn suppliers. I know that Canadian Exports to the US has already flown and Tourism has risen substantially. I'm sure that many other countries are realizing the same increases.

This slide in the US economy will further pull us into a global bear market.

This is all too bad for a company like NOVL who was looking toward a high possibility of a breakout in their stock and a good showing of recovery in the price.

Toy
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