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


To: John Stockman who wrote (31085)4/17/2000 12:22:00 PM
From: Captain Jack  Read Replies (1) | Respond to of 42771
 
John-- I'd give mine away 10% under your request. No interest indicates it will be here for some time. It was not a ball of fire prior to the BIG DIP and will probably be shunned for sometime as they buyers are going to quality large caps first by all early indications..



To: John Stockman who wrote (31085)4/17/2000 2:34:00 PM
From: ToySoldier  Read Replies (1) | Respond to of 42771
 
I am watching the markets today. I saw the morning rise and shook my head as I thought that it just has to drop soon. I was wondering for a while if I was completely wrong this weekend. But now the markets are starting to perform more like I expected. If I am right we should see the numbers slide before end of day.

We should see at least one more major test of the bottom (maybe another 10% - 15%) before the correction is considered to have hit bottom. Today is likely not that predicted TEST day, but I would think it would happen this week or at the latest next week. Until this test occurs I think we will see wild intra-day swings from positive to negative.

Just my gut feel. When this last big "bottom test" occurs it would be time for investors to buy into the tech blue-chips like CSCO, INTC, IBM, ORCL. If you are one that wants to be long on NOVL (and there are fundamental reasons to consider being a NOVL long) then I would buy into NOVL at this time to. Some great deals will be had at this time.

Cheers folks!

Toy