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

To: dwight vickers who wrote (19896)	1/30/1998 10:24:00 AM
From: Paul Fiondella	Respond to of 42771

(Off Topic) Shorting MSFT is a risk I do not recommend to the faint of heart. I'm assuming the Street's denial of Asia, which I have seen played out many times, will not last past Q1 earnings or the next domino to fall. The market will then correct. The current upward move has cleaned out a lot of Options based shorting in the stock. But it has been very fast so there has to be some retracing. There are a lot of small customers looking to jump in and benefit from the upward move after the split. But they only have so much money and look at CPQ for that strategy. Bottom line is that you have to pick a time closer to a recession to make real money shorting the stock unless you have spare cash and this is your first short. Then two things have to happen, NT has to meet enterprise resistance (so it is not a cheap option for corps in a recession --- remember how the techs missed the Reagan recession) and the desktop software has to become a commodity type product like autos are. Something you can postpone buying. Then MSFT will look like its saturated its growth markets, that's why Bill is pushing the webtop. MSFT needs new markets to grow. ======================= Currently I am watching my short at 148 3/4. Today is a critical day!!!