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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: dwight vickers who wrote (8683)2/27/1997 8:10:00 PM
From: Larry S.   of 42771
 
A Radical View on Novell. Today's sell-off had nothing to do with earnings disappointment. This stock is a momentum play. The stock had run up from the 9 1/2 area and ran up to 12 7/8. That's over a 30% MOVE so the earnings report was a good excuse for massive bail out and certainly an overreaction. In reality, the earnings report wasn't that bad, there were no great surprises. Just a thought. I still hold this stock, don't feel compelled to "piss on it" <g> Joe, I knew what it was when I bought it. Larry
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