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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Lyle Bean who wrote (24511)11/25/1998 11:13:00 AM
From: dwight vickers  Read Replies (1) of 42771
 
You make a great point. It has always paid to sell NOVL after earnings. And when the bullishness in the press is so overwhelming. (Not to mention the high fiving here)

So I sold at the open at $18 3/4.

Will "the new NOVL" go higher? Maybe. Anything can happen short term. But the run so far has been enough to make me expect a correction.

$15ish retest of the major breakout would be my guess.

But one doesn't have to look very far to see all the speculative money in this market.

Dwight
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