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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: George Lazar who wrote (8658)2/27/1997 7:30:00 PM
From: dwight vickers   of 42771
 
George may be right about the negative sentiment being a contrarian buy. At least for a trade.

The wailing and gnashing (pronounce that guh-nashing) of teeth was incredible. Oh, and understandable.

But with that much bailing in one day it may signal a washout.

If we hold at the opening tomorrow, especially if it's weak, we may get at least a bounce. Even a quick trip to the $9 1/2 area may not be out of the question, or undesirable to a trader.

And maybe that gap needs to be closed. Although it may have to wait for CEO news.
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