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: Spartex who wrote (24450)	11/23/1998 8:22:00 PM
From: WILLIAM BLACK	Read Replies (1) of 42771

Quad-K: I have been following and investing in NOVL for over a year and have ridden it up. Since you are also a chartist, I was wondering how you look at the $18 level for resistance. I looked at my charts and note that in 1993 or so the stock found support at this level and then rebound for a month or so and then started the long drop. I feel that there will be considerable resistance at $18 regardless of the earnings. It appears that there will be alot of shares for sale by those who have been locked in for so long. What is your take? Bill Black

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