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: BP Ritchie who wrote (9232)	3/12/1997 7:45:00 PM
From: Janice Shell	of 42771

BP-- What I'd say, briefly, is that just now the DJIA still doesn't look awful, but it's just thirty stocks. The SPX doesn't look great, the Nasdaq Composite looks pretty bad, the NDX looks horrible, as does the MSH and the DJUA. This could mean things'll get better, could mean they'll get worse. Major support broken practically everywhere, but what's so weird is that with the Dow still above 7000 it all looks sort of okay on the surface. It's possible everyone'll get bored worrying about interest rates and we'll start moving up again. Or not. But until there's a clear sign of one kind or another I think it would be stupid to jump in and buy. Which I suspect is what everyone else is thinking. Until minds change all at once (as they always do), it looks unpleasant. And yet there's not enough to suggest that real disaster lurks around the corner. For what it's worth, which is probably not much. Janice

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