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 (25280)	2/3/1999 7:10:00 PM
From: Craig Dean	of 42771

Earnings will be out on Feb. 25th. If the market holds up, then it is reasonable to guess, "guess" that Novell will trade in the range of $19 to $21. The chart as everyone knows, appears to be trending up. Unfortunately, Novell is still very speculative. It will in my, opinion, break hard up or down on the day after earnings are reported. My definition of hard is $3. That is $16 on the low side, or $24 on the high side. Fortunately the chart suggests that the "trend is your friend." Let's say that it breaks to the upside. One could still get in on a pullback to $21 or $22. The ship might not sail to higher ground without allowing for a few more passengers. If earnings are less than, or as expected, and the stock craters to $16, then there is always next quarter to be optimistic about. You probably will have a chance to get out at $20 when it tries to make a "double top." So, we shall see. Until the February $20 options expire. I am not expecting Novell to exceed $21. But of course, that is just one fools opinion.

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