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: Matthew Leo who wrote (9276)	3/13/1997 6:54:00 PM
From: Jim Walker	of 42771

Matt--you probably are due for a rest, but I like your thinking, and your previous post was excellent. The stock appears to have carved out a recurring cycle even in the absence of solid news. Entering here at 9 should in all probability produce a run to at least 11 and likely 12 prior to May earnings--especially if the invisible man ever gets apppointed. You could bail then with a tidy return on the interim investment or hold on the chance of more positive results from 2Q. The only question is whether we've bottomed. From today it looks like maybe yes--but I'm not sure I'd want to bet the farm on it. It's clearly oversold at the moment though.

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