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


To: Steve Fancy who wrote (19270)12/29/1997 3:44:00 PM
From: Jim Walker  Respond to of 42771
 
Steve, you may both be right. This looks purely like tax-loss selling and therefore Vinod's idea of a January bounce appears right on. But those people who are still struggling with the hold/sell decision may be motivated by today's action to place market sell orders and it's not inconceivable that we break 7 by Wednesday. I'm more optimistic for next year--but then I haven't shorted the stock, nor am I looking to warn potential new investors away.