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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: George Papadopoulos who wrote (24332)11/18/1998 5:09:00 PM
From: EPS   of 42771
 
Sorry to learn that your are cranky today George,
Have nothing against Joe Antol. Had very nice
correspondence with him. Paul on the other hand
is an idiot.

Here have fun

To: +TTOSBT (66822 )
From: +Paul Fiondella
Saturday, Oct 17 1998 9:54PM ET
Reply # of 68720

Short covering???

It didn't happen. I wish I could continue this discussion but frankly the evidence is there
for all to read. People are selling the techs and selling the rallies. There is no short
squeeze. There was no follow through rally. INTC did not rocket upwards as it would
have in the past. About the most you can say is there was an options expiration. But that
doesn't explain this Bear market activity in the techs (going down on really good news).
I really wish it were otherwise and we had seen a real move up by INTC, MSFT,
CSCO etc. etc. Friday. But that didn't happen.

I fell sorry for anyone whose net worth is tied up in this market (with some notable
exceptions such as the truly piggy Mister Baiter). The Fed just doesn't do rate
reductions between meetings for the fun of it. There is something they know that we do
not yet know. Like the mysterious Bankers Trust problems.

This is a suckers rally.

Sorry but I can't comment beyond that. Good luck if you are still long in this market.
You'll need it.

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