Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Joe Antol who wrote (20610)	3/5/1998 12:53:00 AM
From: MrBuzz	Respond to of 42771

I've held Novell for the past 3 years and have never traded this stock out through the downtrend. After getting into technical analysis just recently, I can now see why this stock is going to turn at least a double near term. The 5-year descending triangle is dead. Finally!!! Taking the historical bottom from 1985 and follow it to the bottom in January 1998, thats your historical support base. Connect the tops from the 1993 price top of $35 and connect it to January's 1997 top of $13 and you will see with your very own eyes the downtrend line. Now, look very carefully where the apex of the two lines hit. Voila! Looking only UP, notice that the next stop along the way is $11 set around latter 1996. Novell needs to breakout of $11 and hopefully settle in the $12-$13 range for a while. The Intel news couldn't have come at a worse time. Lets hope we push higher. Good luck all, MrBuzz