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


To: vinod Khurana who wrote (19306)12/30/1997 6:16:00 PM
From: Paul Fiondella  Read Replies (1) | Respond to of 42771
 
From Canada to Coral Gables --- now there is a wonderful winter switch

It went up 13/16ths today. Every 1/16th counts.

So how do we explain NOVL grabbing the highest % gain on the NASDAQ?

Assuming yesterday's volume was due to tax loss selling, could today's move be due to short covering? Well I don't think so because I believe shorts have to do their IRS date from the day they deliver the stock, which would be 3 days from the date of the cover. That puts them into next year.

So is this genuine buying interest in NOVL?

====================================
Happy New Year to Everyone.

Santa Claus came to this house in the form of a Dec 23rd 118.5 MSFT buy redeemed today at 130.5.




To: vinod Khurana who wrote (19306)12/30/1997 10:08:00 PM
From: dwight vickers  Respond to of 42771
 
I saw numerous beaten up stocks make nice moves today. Although NOVL really bounced.

Have to think that it's tax related.

Even the XAU made a good move with PM prices lower.

Dwight