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: gene ley who wrote (7675)	2/7/1997 8:20:00 AM
From: dwight vickers	of 42771

Gene, PMFJI but I think I see what your problem might be. You bought CSCO at $68, up from $9 in 2 1/2 years. You also bought it apparently right before the earnings release. Both are big mistakes. 2-3 years ago everyone hated CSCO, that was the time to buy. Definitely not now. I don't know what happened with the rest of your stocks. But if you are investing on a brokers recommendations, get a new broker. Of course that's hit or miss (worse than most could imagine), but this guys gotta go. If it's your own strategy, put down Investors Business Daily. Momentum investing will kill you. Try Buffet or Graham or a similar value strategy. Not trying to be critical, I see these same mistakes being made everywhere by investors who are being mislead and misinformed. Dwight

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