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

To: Paul Fiondella who wrote (20373)	2/26/1998 8:54:00 PM
From: Hector	Read Replies (2) \| Respond to of 42771

Paul, Save your breath. It's always tough to tell people not to believe in the tooth fairy. This greatest bull market in the history of this country has taught people that making money in the market is easy. My 30 years of investing have taught me that it's very difficult to make money. Long term, buying undervalued and out of favor companies works best for me. Global Marine at 2, MCI at 5 presplit and so on. Unfortunately, you have to have extreme patience and most people want to make their millions quickly. Momemtum investing works in the short term. The only problem is that you don't want to be on the wrong side of it when the bad news comes (e.g. VLSI announcement and its impact on the semis tomorrow.) This bull market mania appears to be ending in a commodity style blowoff. It's not going to be much longer before the shorts taste their oats. It'll be interesting to see if at the bottom of the coming bear market, investors will want to put their money in stocks. Regards, Dave

To: Paul Fiondella who wrote (20373)	2/26/1998 10:41:00 PM
From: Spartex	Read Replies (1) \| Respond to of 42771

Paul: I'm not calling anyone names. As Joe A's says, I'm calling it as I see it, nothing more, nothing less. My sentiment and feeling about NOVL is much different than yours. Nonetheless, I'll let time dictate who understood the direction that NOVL really is going. I just don't believe the 3Com comparison (their run up to 80 was absurd once it got past 60+ due to Intel competition in their commodity card business) is similiar to NOVL's current breakout. Yeah, some techs may be getting ahead of themselves, but they have overcorrected this past Oct-Dec period. I'd just hate to be short on certain stocks such as MSFT, DELL, AOL, and I'd now add NOVL to that list. Quad-K