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


To: Spartex who wrote (19789)1/23/1998 1:45:00 PM
From: Paul Fiondella  Respond to of 42771
 
7 1/8 backlog

Its shrinking. Its down to 22,000 shares. I cannot see the institutions only the marketmakers and the biggest order they have in is 6300 shares.

The stock is trading in 1/32ths so 7 1/4 is well out of the money. You are looking at 7 1/8th bid 7 5/32 asked.

As this backlog at 7 1/8 gets chewed into then the stock may shift lower. But we are in low volume---576 trades for the day. Meaning no doubt that absent news nothing happens.