Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Serendipity who wrote (19400)	1/6/1998 1:30:00 PM
From: Serendipity	Read Replies (1) \| Respond to of 42771

The overbought condition of NOVL seems being mitigated by profit taking. Technicals show signs of positive momentum change. Another indicator I use is comparing the predictions, price projections, calls for 6 and lower changing to 7 and so on ... The fact that old-timers in a stock turn negative when a stock has lost 75% from its high, is also an indicator that has worked in the past. For example, Unisys at sixish, in mid 1997, was actually being called "four letter" names by some. Buying it then took money but admitting ownership took guts! Comments such as why "don't you buy a real stock" and "this F... Dog will go to zero" and "Uniass" is a good short are still ringing in my ears. Later, "rumors" of buyout by CPQ were credited for UIS going to 9 and not improving fundamentals! In a way, I see the similarity here, of course NOVL posters have too much class to use four letter words. Having bought at the top and sold at the bottom, I know how it feels. In fact, it is my humble opinion that if one has not done "that very mistake" he or she is either a rear-exception or a common-fibber! To buy when no one else wants to buy is the corollary. Those who are buying the correct equities in Asia today will get the 5 to 10 baggers in the next 3 to 5 years. Those who are doing the buying will not come on CNBC to tell us now, LATER they will. If stock market had no future in Japan, ML would not be opening a branch and hiring 2000 people there this year. Buying real state is another good deal going on in that part of the world. Anyone one remember Asians buying our inflated real state and how "real patriots" were afraid our choice proprties will be bough put away by "them." Of course, it is easy to be contrarian and wrong. That is why good investing is tough. Nevertheless, all the doubt and ambiguity will be gone soon and the correct answers will have very many "fathers" and the busted claims will be "orphans." NOVL going to SIX? It is possible but I have made a bet or two against that! If you are on the bearish side, then we are each others potential! I do not see you as my "enemy" or even "wrong." Why? Because: I don't know your time frame, goals, objectives, methodology, pain threshold, etc. In short we don't know each other. BUT: We are one another's market! Nothing pleases me as much as knowing that you and thousand others are short here! You should also be pleased i and others like me are long. Nothing pleases me as much as "an expert" calling NOVL "dead money" at this point of product-cycle and price-level. All bargainers hunters know the concept of buying "straw hats in winter." Bottom fishing is not CANSLIM. NOVL is not a thread for it canslim-ing. A cursory look at the chart of CPQ and Relative Strength tables should be enough to tell us the difference. I am not knocking CANSLIM,I do some of that myself, but lets not apply the same criteria to NOVL-it is too soon! And finally, calling or implying that the longs are "stupid" is the absolute buy signal for 'this loser' called 'Serendipity.' Not meaning to offend any one or claim I will be correct about NOVL going higher. Respectfully submitted,