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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Janice Shell who wrote (6206)12/26/1996 2:59:00 PM
From: dwight vickers   of 42771
 
Janice,

Thank you! That should be bullish option activity. Now how did the Market Maker pass off the risk? Well, he is getting rich if he didn't, and is selling them into this weakness. And the seller still has plenty of time to pocket the premium.

Well if NOVL's bottom get violated there will be many of us wincing and walking funny here. (violated substantially, on a closing basis, especially on the weekly chart)
Dwight
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