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: Mike Taylor who wrote (7486)	1/31/1997 4:05:00 AM
From: Nadim Mando	of 42771

Mike, Slow down NOVL please.... The stock price spiked on the daily chart over the upper bollinger band. This is a problem where it looks like we will have a pull back close to the upper band. The upper band is rising about 0.20 a day. So tommorow, we must close above 11.4 to keep technicals intact. The next resistance is ~ 12 3/8. There has always been a pull back after the stock shoots above the upper band. Here is my take for tommorow: Unless there is high volume or some good news. I am afriad the stock will pull back a little. & I will probably unload my truck load of NOVL. But only to get back in. You have to remember that a lot of people like myself bought in at 9 1/2 and will be very happy with ~ 20% return in a month Only to get back in at a lower price. Good luck Nadim

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