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: BILL WAGNER who wrote (8592)	2/26/1997 11:37:00 PM
From: Ghassan I. Ghandour	of 42771

Bill - Another company I follow came up with an earnings report of $.15/shr v/s $.17/shr same q last year and $.17/shr previous quarter, on Feb.1. The stock was trading at 16 before earnings which came on Feb.1. Next morning, the stock gets stuck at 16 to 16 1/8 most of the day with lot of selling at 16. After 2 p.m. suddenly the stock jumped to 17 then to 17 3/4. It closed at about 17. Next morning it opened at 17 17 1/8 and the same story repeated at that level. two and a half MM shares traded on that day which was about 25 times normal volume. Next day the stock traded above 18. Yesterday it was down to 16 3/4. It will be interesting to watch what NOVL will do tomorrow. One thing for sure, whatever will happen tomorrow, I AM NOT SELLING. Ghassan.

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