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

To: Joe Antol who wrote (19035)	12/12/1997 1:00:00 PM
From: dwight vickers	Read Replies (1) \| Respond to of 42771

Joe, I know you love that CPQ but yesterday it broke below a triple bottom around $58. Very negative looking chart. Today it has tested the breakdown level twice at least, and failed. The 200 day M/A is at $53, but support beneath that is all the way down at $44. Could be a sign of things going badly if it can't rally back above $58. And it's a market bellweather......... Keep your eyes open. Dwight

To: Joe Antol who wrote (19035)	1/30/1998 8:26:00 PM
From: Marc Newman	Read Replies (1) \| Respond to of 42771

Joe, thanks for your post a ways back. Sometimes I don't know how you keep up with everything, or maybe the point is I don't know how we are supposed to be able to keep up with you? Anyway, I got involved in buying a bunch of AAPL and other Mac-ecosystem stocks that were IMO too depressed by tax-loss selling and haven't been able to stay on top of this thread as well as I'd like. But I appreciate the strategy brief you sent me. I lean on the postings here very much to try to understand both the technology and the sector trends. You also said, "Just watch out where your entry point is for NOVL." I couldn't agree more. As this bull market lurches (un)steadily onward, it amazes me how many times one can buy a depressed stock, sell it, and then get the chance to buy it again at the original or lower price. This market likes the winners, not the values. Anyway, I think I'll do okay with NOVL--I was six for six with it in 1997, with 1/2 to 1 1/2 pt gains. In the same way that I depend on the tech people here to put the products in context, a good deal of my success with this "mother of all dog stocks" came from listening to Vinod and other TA people for when to buy, and following Fred's advice to fade all the rallies. Mr. Smart's been doing yoeman's work on the Motley Fool NOVL thread for the past year, btw. It's only now that he's turning more bullish on the stock, as opposed to the company. Anyway, I've initiated a small core position around 7 1/4. A very small position--my cookie jar is smaller than just about everybody's here. If we do run up to eight it will probably be hard for me to avoid trading it since I'm not sure if we have any strength to go anywhere until this next quarter is in the books and NW 5.0 is imminent. Also, there are a lot of other tempting stocks, and I know you know what I mean. <<gg>> Best, Marc