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

To: dwight vickers who wrote (20213)	2/20/1998 2:01:00 PM
From: Serendipity	Read Replies (1) \| Respond to of 42771

<< So that gets Korea back to where, 50% down? >> It all depends: Yes, if one bought at the top. Similar are gold at 875 and silver at 50. What does 50 dollar silver have to do with 5 dollar silver, 20 years later? Are you saying WB is wrong buying silver here? <G> I am on NOVL's board because I am a value-bottom-fisher of stocks. I were not here when NOVL was above 10...I feel bad for people who bought high. I have done it in other stocks. Do you wish to have the list? Is there enough bandwidth? LOL << Laughter may be the best medicine, but there isn't much to laugh about in Asia. Unless civil unrest, depression, bankruptcy, and despair strikes one as funny. >> I truly regret that you have misinterpreted my comment about laughter and medicine. Your expressions of altruistic sorrow for Asians is much appreciated. However, you speak as if such expressions are unique to you only and if the rest of us do not have them. I find it contradictory to spend most of my time trading or investing in markets and then talk about sufferings of Asian people while waiting for the next money making opportunity... I am sorry that bottom fishing in the market is nothing but buying from someone who has lost money and sold at the bottom, but that is a fact. That is Capitalism at work. Unfortunately, in Asia we do not have capitalism. Corruption and cronyism are the rule...I have traveled and worked through out most of the impoverished part of the world and knew first hand of the human suffering that goes on there. But the fact of it is that we are here and we are talking MARKETS. Present price of Novell and the name of this board is a welcome to bottom fishers. When I joined this board, I was surprised to read so much OFF TOPIC stuff and talk of Asia. At that time, I posted that those who buy into those markets will have big winners in few years. I still maintain the same--all along feeling sad and sorry for the human misery that is inflicted on the masses--BY SO FEW. (Suharto's daughter pocketed one Billion US$ in Bre-X scam alone.) << Depression is the outcome no matter which course they take. The only question is will they fix the problems, or cover them up and hope for the best. Not a pleasant outlook. >> In "those countries" the poor will remain poor, depression or not. Hopefully, technology will force improvement. Otherwise, I will not hold my breath for the human nature to change. Not in my life time. << The Asian crisis will take a very long time to play out. At this point it is unclear as to whether it will spread around the world. My own take is that it will, but we may not see the effects for a year or more. >> I really don't know how long it will take. But one or two years is not a long time, in the lives of Nations. Look at the suffering of the Iraqi People at the hands of one man. Look at 6 1/2 years of inspections and embargo...look at African...look at the Russia. Asian economic crisis is not the only game in town. People are suffering every day, every where. << Rallies or dead cat bounces in those markets do not change what has happened or what will happen. Japan has had numerous sharp rallies over the last 8 years, each heralded as the end of their problems. But last time I looked the Nikkei was down 60% from where it was in 1989. >> Respectfully, the topic is calling the "next move" not looking in the rare view mirror, although we better keep glancing at it! Anyone who has been a bear since Oct. is just plain wrong, regardless of what happens next. Of, course buying into Nikkei at 40k would have been wrong. But wrong is also, calling for 10K Nikkei, watch it turn and go higher and call it a dead cat bounce. (I am not saying you called for 10K-I don't know.) Finally, I remain optimistic. Asian People are modest and hard working people. Most of them have endured thousands of years and will do so again. Then of course, CNBC knows best! LOL Seren