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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: waldemar cyranski who wrote (27960)	8/31/1999 9:49:00 AM
From: Jonathan Thomas	Read Replies (1) \| Respond to of 42771

<<<<< Message #27960 from waldemar cyranski at Aug 30 1999 10:04PM Your analysis is kind of discouraging, sort of like picking a slot in Vegas and hoping someone else has already dumped money into it without winning! Certainly seems that the product & leadership cant sustain a steady price and quality creeping up of value........There seems to be a reason for every season of the year ??????? >>>>>>>> Well, I won't say discouraging, but cautious. I could be wrong, dead wrong. I have since looked at some other charts, and the the technical indicators look a little farther down than what I used yesterday. But the fact still remains that the large drop in price had a hard effect on the technical indicators. Hopefully it was someone dumping a lot of shares, and not a "trend". I think NOVL is a decent company, and has potential. I look for solid foundations, but also a stock that will move around. I'm a covered call writer. I own 1000 shares free and clear after I bought back my long calls yesterday, I only look for a 2-3 point upswing before selling calls. If you're long on this stock, that's fine. Just remember one thing, don't fall in love with a stock. NEVER get emotional. It is just a chunk of money. If you invest to make money, evaluate your current investment. Following a discussion group such as this, where the talk is always about hope and prayer, and many times about how involved you are in the company, your judgment can easily get clouded listening to a lot of people who have a lot ofm oney tied up in the stock, and want to feel good about it. This is not what is going to make you money. Pick a solid performer, and don't get greedy. Good luck...I see good things for this company. If it pressed 31, it can do it again. BUT next time, don't just watch it fall back to 25, make some money on the way down, or sell it, buying it back when it does come down, allowing you to pick up more shares. Ryan