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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Paul Fiondella who wrote (24820)12/30/1998 12:45:00 PM
From: EPS  Read Replies (2) of 42771
 
It could well be that, in a small issue with a small float, a group of organized people could try to manipulate the price. I doubt that this could be done in a stock with a float of 350,000,000 @ 18...that trades at least 4 mill a day..Relax. I don't do *this* for a living. I have a successful professional life.

Unless I make I mistake I buy and hold for a long time, leveraging on the way to buy other stocks and so forth and so on. I hardly ever sell. I buy on corrections. I bought heavily when NOVL was in the 6+-7+ area. But then a lot of *pros* were telling me that I was an idiot..for doing precisely that..

However, I do buy and sell options. This trading activity helps me defend my portfolio and produces income. This is specially important with tech issues. When I was selling puts some people around here were quickly declaring me a certified *idiot*..It allows me to buy and sell the same issue many times over a period when there is a lot of volatility....

People that did what Eric did obviously did very well. As I told him congratulations. As for myself, as I said I can't complain either.

If you care to explain your current NOVL position I am sure some people around here would be interested..

Victor Danti
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