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

To: Steve Fancy who wrote (19154)	12/17/1997 4:51:00 PM
From: vinod Khurana	Read Replies (1) \| Respond to of 42771

Hello Steve, I think a technical rally will propel this stock to within its 52-week high. The fundamentals are to poor to contribute to a strong rally at this point. MOAB had better be a success otherwise I don't see NOVL as a good play. It may however be better than investing it in companies that are trading with PE's of 20, 30, 40 etc... As I am begining to notice, NOVL could be acting as a safe haven for cash. When the market goes down, investors park cash in NOVL and take the stock up a tick or two (hey, you can'nt park your cash for free). When the market goes up, investors dump the stock and put it to work taking other companies up by a couple of dollars. V.K