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

To: Serendipity who wrote (20307)	2/25/1998 2:19:00 PM
From: Don Earl	Read Replies (2) \| Respond to of 42771

Hi Serendipity, <We have now have a confirmed up trending stock.> If you know anything about TA, and I believe that you do, you know full well that confirmation comes from breaking previous resistance levels on volume, not failing to break resistance in spite of volume. Ignore the wishful thinking for a minute and look at the chart as if you were considering starting a long position at current levels. What do you really see? What is your usual opinion of a failed break out attempt in a very long and powerful down trend? I called the exact same play for the exact same reasons three months ago. So like you say it does pay to consider the source. As a rule of thumb it is worth looking at whether or not a person is comfortable enough with what they say in a public forum to use their real name. Regards, Don