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


To: Ghassan I. Ghandour who wrote (20338)2/26/1998 9:29:00 AM
From: Ghassan I. Ghandour  Read Replies (1) | Respond to of 42771
 
NOVL Bid 9 1/2 according to Yahoo. As I wrote, yesterday, we will have a chance at breaking 9 5/8 today. A close at 10 would certainly be nice. No new NEWS in sight. Some speculations on my part: (1) The company announces buying back shares (10%) (2) A brokerage upgrade from hold to buy (3) Insiders are buying (would be best news ever) (4) Another buy out rumor (would be worst ever) (5) Shorts are covering big time (like Salah said, this stock is worth $9 at worst). Good luck to the longs. Go NOVL. Ghassan.