Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rich Young who wrote (18437)	11/10/1997 1:28:00 PM
From: vinod Khurana	Read Replies (2) \| Respond to of 42771

This could be the big one before November expiry.....My charts indicate that a run-up to $9 1/4 is imminent and that $10 could be easily achieved pending a big downturn in the overall markets. I believe that the big boy(s) is going to take us on a wild swing in this stock and before you know it, the press is going to print that a takeover is in the works. SUNW and IBM are the most likely suitors to be mentioned. Whether anything materializes remains to be seen. Also, based on recent activity, $8 is the level at which we have strong support. I strongly believe that we are about to rally...the $8 1/2 we reached today is the engine reving up for bigger gains to come in the days ahead. V.K

To: Rich Young who wrote (18437)	11/10/1997 2:12:00 PM
From: Don Earl	Read Replies (1) \| Respond to of 42771

Hi Rich, Unless a person tells their broker to fill the order in one piece (all or none) it's common for a larger buy order to fill in pieces from smaller sell orders comming in. The only reason I can think of to place an all or none restriction on an order would be in the case of a thinly traded stock where one would want to avoid paying a commission for a small partial fill. On a stock with NOVLs volume it shouldn't be necessary. IMO trading large blocks of anything that doesn't do a decent volume isn't a good idea anyhow. Too hard to get in or out. The bad part is it's hard to tell if there are a bunch of people buying up a few K shares or one large buy in the middle of a sell off of small blocks. The other thing that I think happens sometimes is that traders see all the sales going across and jump in with their own orders. Generally a large buy order is considered a good sign. It isn't something that alone justifies taking out a mortgage on the house but the theory is, that people with that kind of money know what they are doing. Not necessarily true, but that's the idea. Regards, Don

To: Rich Young who wrote (18437)	11/10/1997 6:59:00 PM
From: Paul Fiondella	Respond to of 42771

I think Dwight has it right There was some what I assume is program trading today that had a dramatic effect on some stocks. For example at about 2:11PM a series of sell orders kicking in on Intel at 77 that drove the stock right down to its low of the day in one burst. This is really dramatic on the charts with strong sell volume pushing the stock. If they can move the market in any direction they can make money. Trading was thin today. ============================ On previous earnings reports NOVL has made its moves up to a peak about a week before the date. Someone should check this out from the charts.