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


To: Joe Antol who wrote (19191)12/20/1997 5:21:00 PM
From: Paul Fiondella  Read Replies (1) | Respond to of 42771
 
To show you how the marketmakers rig this stock

I watched NOVL this week one day. There was a terrific build up of bid orders at 7 5/8 and the bid side was heavy with orders. The ask was 7 3/4. Did they move the stock down? Nope they left it at 7 11/16ths and let it stay there on low volume of trades no doubt as they moved market orders up to pocket the difference.

This stock does not trade like a normal stock.