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

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To: Marc Newman who wrote (23972)10/19/1998 12:23:00 PM
From: dwight vickers  Read Replies (2) of 42771
 
Paul is holding court on the NOVL board at ragingbull.com

I hadn't been here in a while myself but thought I'd come and see what was being said about NOVL's breakout this AM.

One interesting point is that QuadK mentioned on the Raging Bull board that he had been given "ask" on some NOVL shares he sold late last week.

That doesn't happen with NASDAQ stocks by accident. My experience, as I reported at the time, is that it's a reliable predictor of higher prices.

I remember buying a little "value" stock called Quarterdeck back in 1994 for under $2 because they had no debt, cash, and lots of insider buying.

When I was selling it over $4 a couple of months later, they were taking it away from me for whatever price I put it out for.

Within months it went to almost $40.......

Of course now it's back down to about 40----cents.

Anyway, the point is that the Nasdaq MM thieves don't usually give away money.

Off Topic----the world is still coming to an end. The pace is even quickening.

Dwight
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