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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: gene ley who wrote (7606)2/4/1997 6:53:00 PM
From: Jean Sutherland   of 42771
 
Hi Gene...From Jean

Gold...hmmm....not something I would recommend at the moment. It is going downhill real fast. I would recommend watching for the bottom, which could be a low as $320. It should meet resistance at 340, but if it goes below that I look at $320 to be the next level.

On the stock side, there is an interesting little play going on at the moment in Canada. The Busang Gold Project in Indonesia. Currently owned by Bre-X, but the government has told them to sell to Barrick Gold. (Former President George Bush, and Former Prime Minister Brian Mulrooney sit on their board) Placer Dome on the other hand wants a piece of the action, but it seems the Indonesian Govt. does not like Placer Dome and has said that no matter what the price offered they would not accept it.

Well enough said about gold.

BTW, it you plan to buy into gold let me know, so I can get out...if your theory holds that what you buy goes down :)) (Boy, do I know that feeling :))

Jean
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