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 (25219)	1/29/1999 10:38:00 AM
From: Paul Fiondella	Read Replies (2) of 42771

You guys will love this Novell: Back From the Dead (NOVL) Thursday, January 28, 1999 Option advisor Bernie Schaeffer says fallen angel Novell (NOVL) "was practically left for dead" after a four-year downtrend from March 1993 to mid-1997. But he saw signs of life in the shares after the firm hired Eric Schmidt away from Sun Microsystems and made him CEO. Schaeffer says Schmidt refocused Novell on Internet products for work environments. "The change appears to be paying off," Schaeffer says. The stock has outpaced the Nasdaq composite since February 1998, including the index's impressive post-October 1998 rally. Schaeffer also notes that stock in Novell trends along its 10-week moving average, which has supported the shares since October 1998. IBES International says Novell has beaten analyst earnings estimates for the last five quarters. But despite this stellar performance, only seven analysts cover the stock. "This lack of coverage is stunning, compared to other networkers," Schaeffer says. He recently recommended buying the January 2000 20 call (LNOAD). ============================ Roll the dice Bernie!!! LNOAD currently 4 3/4 equivalent to 24 3/4 premium 4 5/8ths

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