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

To: Lawrence Petkus who wrote (19208)	12/20/1997 12:15:00 PM
From: Spartex	Respond to of 42771

Lawrence, I understand what you mean by the 5% drift that market makers can do just to get some cheap shares from a stop loss order. I've seen this many times when closely watching the trades of certain stocks. Heck, when not much action is happening, I've seen them drop a stock 1/2 to 3/4 of a point on almost like no volume (<30K), and that is where you definitely get scalped as the stock suddenly rebounds, and the MM makes the big profit at your expense. So most likely I'll just hold on and maybe play the cycles of the low 7s to upper 8s, and that is where you can make money just on the volatility, as long as you get in at the right price. Eventually, I'll have to hold when I sense that things are showing a true direction. Thanks for the reply and have a restful holiday. Barron's articles today really paints a bearish view of stocks in 1998, while sentiment (larger polls) is apparently a bullish 53% or so. Who's right? I would say that we're somewhere in between 5-10% gain next year in the Dow/S&P with a ton of volatility, which is great for playing the cycles. Thats where money can really be made if you closely follow the market, your stock (and its action) and are careful when to buy.