Novell (NOVL) dirt cheap, good buy? Message Board

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

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To: waldemar cyranski who wrote (24336)	11/18/1998 9:38:00 PM
From: E_K_S	Read Replies (1) of 42771

FWIW I sold the January $17 1/2 calls today for $1 1/4 after waiting almost two years to obtain a profit. This will yield me a 12% annual return if they take my stock. I just do not see those growing revenues so that is why I sold the calls today. Remember, the first lesson in investing is to not lose your principal. Lesson No. 2 is that if you can grow your principal by 10% per year your will double your investment capital in 7.2 years. I hope Novell can report better than expected earnings. I will take my gain at $17 1/2 in January and stay with my SUNW investment. Good luck to all those Longs on Novell. It has been a bitter sweet investment.... EKS

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