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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Eric Anderson who wrote (8672)2/27/1997 6:10:00 PM
From: Rich Young   of 42771
 
There seemed to be VERY solid support at 10 1/2 today. Whenever the ask got to 10 1/2, a flood of buying, presumably limit orders, kicked in. Given that the average trade size was over 2K today, I'm curious as to what it was the first three days this week, when volume was also high. If average trade size was large earlier this week, I would discount the notion that today's large trade size represented institutional selling. They just don't buy one day and sell the next (or do they?) I would be more inclined to say that it was just a bunch of high rollers who thought they were going to get a quick 20% or so.

Rich
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