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

To: Paul Fiondella who wrote (19243)	12/26/1997 1:25:00 PM
From: Paul Fiondella	Read Replies (1) \| Respond to of 42771

Short interest for December --- 12/24 11,504,931 down 4.1% from NOV. So Novell remains one of the major shorts on the NASDAQ. Watching the stock today I saw this pattern. The stock sits at a trading level and doesn't move even though substantial orders build up within 1/8 of a point of the market. Even on the thinest of bids posted it stays stuck at the ask and vice versa. Although I see a definite prejudice to hold the price up. The shorts haven't covered, the price is being held up, and an enormous number of trades build up jsut below the market and do not get executed. ALthough I said preciously that I thought I might start buying this stock above 7, this pattern makes me wait. At some point the dam will burst.

To: Paul Fiondella who wrote (19243)	12/26/1997 8:36:00 PM
From: E_K_S	Read Replies (2) \| Respond to of 42771

Off Topic * Paul - All those loans that Japan rolled over for Korea...were they U.S. dollar denominated? Or were they done based on the won? If they were done in WON...Japan now has a 'huge' foreign currency loss added to the nature of the original loan...more risk!. With their (Japan's) other problems, this possible foreign currency loss may tip the scales where JAPAN may need IMF money too. I like fire side sales. It appears that U.S. investors may get the opportunity to buy Japan assets on the cheap too. Happy New Year EKS