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

To: Rich Young who wrote (19323)	12/31/1997 12:49:00 PM
From: Mark A. Forte	Read Replies (1) \| Respond to of 42771

<<Then again, all the pros are at home til Monday, so this could all just be noise.>> Remember enemas are silent<G> I hope you got a lick of that ice cream cone yesterday.<G> Happy New Year to all, and let's hope 1998 begins with more than a f@rt.

To: Rich Young who wrote (19323)	12/31/1997 12:55:00 PM
From: vinod Khurana	Respond to of 42771

The markets may turn around closer to the end of day. With many traders on vacation, it does not take much to move this market one way or another. I think we could close up a point or two on the DOW at the closing bell. V.K

To: Rich Young who wrote (19323)	12/31/1997 12:56:00 PM
From: Paul Fiondella	Read Replies (2) \| Respond to of 42771

There does appear to be some strength in the buying There is much more buy depth than sell depth. The stock just bounced off of the lows 7 3/8. But it just looks mostly like a retracement of the upswing from yesterday. There is some volume on the upswing from the low here. Some people are definitely betting on NOVL with their money. The problem with NOVL is going to be the quarterly earnings and the general reaction of the market to any stock that disappoints in earnings this quarter --- ORCL. Nobody here I think believes NOVL is a turnaround candidate just yet or has hit bottom. It has also been generally safe to buy NOVL at these prices, provided you sold in the 9-10 range.