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


To: Spartex who wrote (19190)12/19/1997 1:48:00 PM
From: Lawrence Petkus  Read Replies (2) | Respond to of 42771
 
God Bless you Quad-K. You are now one of the faithful. Watch that knife!

For others who believe that they will sleep well: I thought the same at 15 and more recently at 7 3/4. My hand has been bloodied and there's no guarantee that it won't be again. (By the way, I'm a fighter not a whiner, for them's that don't like it put your money where your mouth is and put up your dukes<GGG>.)

I've practiced this strategy previously and watched my money go out the door on numerous occasions where management people were high flyers with no concern for shareholder value and the company and press put out rosy pictures and then slaughtered the shareholders. MK, GLM,and NAV are a few of my past wieners, but I'm still ahead (not with these babies) and fighting. They went belly up or reorganized, etc.,etc.

However, when Slitz makes dumb marketing decisions (or none) and when Eric, who said he would staunch late product delivery, apparently postpones the release of Netware 5, and when the trade print makes Novell look like a patsy: I ain't sleeping soundly.

If you have money on this cow, remember that the udder can dry up if there are not changes in management attitudes. There I go quoting that definitive source- Joe Antol! <G>

Good luck Quad-K
Lawrence

PS: I got a hard time not buying myself, but the company isn't saying nutin'- so I guess I'll wait to see some sign of intelligence from somebody a little higher than Scott Lemon!