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Strategies & Market Trends : The Good-The Bad and The Ugly -- Ignore unavailable to you. Want to Upgrade?

To: Bill on the Hill who wrote (595)	8/16/2000 9:01:34 PM
From: Paul A	Read Replies (2) \| Respond to of 8686

I think its important to remember that this thread is for position trading.. Anyone playing NOVL for a quick flip going into earnings had to realize the odds were against them.. I have followed NOVL since the day I started investing, and came to the conclusion that this company has done nothing but dissapoint investors during the greatest bull market in history.. and they did it again with the last run over 30.. that all said- the real estate this company owns is priceless.. no debt.. huge customer base.. but when you piss investors off, you do an IFMX and look where THAT is trading at.. I took a small small position since I rarely hold into earnings, but its funny because I saw this coming and still bought in :) duh is me.. but anything under 12 on NOVL is dirt cheap, and the share buy back is even more icing on the cake.. Rather than sell, I would set a stop near 8 1/2 and see what pans out.. If I were short the stock (90% of my trades are shorts these days) I would take 1 point and run.. NOVL is not an easy stock to trade, so anything other than a position trade is a gamble.. sorry to babble.. holding any stock thru earnings is one of the biggest mistakes in my true, 100% honest opinion.. There is no truer form of gambling in the markets than holding into a report.. a 50/50 gamble.. but that opinion chimed- a stock like NOVL you figure has a downside of what, 8 if the report really was disappointing? the upside if we get a spinoff or upgrade is 13-15.. and than it becomes a hold with a trailing stop.. just remember the symbol: F O R E (aka Fore systems)