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

To: vinod Khurana who wrote (18801)	12/1/1997 3:29:00 PM
From: Raven McCloud	Respond to of 42771

<<I think we are heading down to $8 - $8 1/2 short term and then a rebound to $10. I doubt we will see $7 or below anytime soon....leave that to next year when the company itself realizes how deep s*it it is really in.>> I agree V.K. with the $8 -$8 1/2 range; that's where I'll be covering. However, if it breaks $7 I'll go long. In terms of street sentiment I don't believe Novl has the support it needs for their share price to stairstep up into the teens yet. Too many other good speculative mid-caps to play right now with better upside potential than Novl. I think once a company like Novl is entrenched as a "trading stock" \it's hard to break the pattern. Good Trading All, Michael

To: vinod Khurana who wrote (18801)	12/1/1997 3:40:00 PM
From: Steve Fancy	Read Replies (3) \| Respond to of 42771

V.K. - I respectfully disagree...nothing to hold it up. Certainly the promise of a flat next quarter won't do it. I believe the only situation that might prevent the stock from pushing or creating another 52-week low would be more buy-out rumors. But even these have become consistent in their affect to the stock price. As soon as patterns develop, they usually go away. The company continually reiterating that their best option, to sell, is absolutely not an option does not help. sf