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


To: tyler who wrote (30449)2/19/2000 8:36:00 AM
From: Paul Fiondella  Respond to of 42771
 
Greenspan and market impact on NOVL

Yes I agree that the effect on NOVL which closed at 34 1/8 of the market decline was between 2 and 3 points. However the Greenspan impact may not be a one day effect. It is quite possible that we will see a more substantial decline next week.

It is important to see how and if NOVL breaks 32 in such a further market decline. Without such a decline NOVL should bounce back next week to a higher range.

================

I found the following post over on Raging Bull which we might might want to look at if someone here has some technical analysis background and can verify the ranges.

"Here are some targets for you guys

Worst case lows 26-28
Buying opps --- below 32
Low Range 32-34
High range 38-42
Highs 45

As we get into Q3 add 5 to the range."