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: Paul Fiondella who wrote (26278)	3/25/1999 10:32:00 AM
From: Spartex	Read Replies (2) of 42771

<<This is the first dramatic up move in months and it is not good news. >> Why, since NOVL has moved up so fast, some are shorting it maybe as a hedge on their long position? Or, they believe NOVL doesn't belong above $25-26 a share. If/when more buyers come in, someones going to get hurt. Also, volume of NOVL has grown from the 4-5 mil average in Feb, to now 6.5 million per day. Stocks getting much more liquid, and so there's more room for shorts to play into this tug of war (long versus shorts). I'm not alarmed.

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