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

To: Don Earl who wrote (20643)	3/4/1998 3:25:00 PM
From: Rich Young	Read Replies (1) \| Respond to of 42771

My feelings exactly, Don. I've been watching the tape, too & am seeing the same kinds of things you describe. Currently holding a bag full of March 10 puts, looking for the gap at 9 to fill at best, a retrace to 10 at a minimum. Rich p.s. I think it's a sucker's rally big time.

To: Don Earl who wrote (20643)	3/4/1998 3:30:00 PM
From: Spartex	Respond to of 42771

Don: I'm not too familiar with how short sales are executed, but I do know that the price of NOVL rose into the big block trades. It goes against my logic that a MM would let someone short such a huge number of shares on the uptick, this would swell their (MM) inventory, correct? I'd appreciate it if you could describe how a short sale works. I still believe in my earlier reply, but you are correct, the calls are getting all the action at this point. Regards, Quad-K

To: Don Earl who wrote (20643)	3/4/1998 8:29:00 PM
From: Paul Fiondella	Respond to of 42771

Don, this particular move by NOVL is going to teach us something You and I know that there is no fundamentals in support of this move. The company has two quarters of flat earnings before Netware 5.0 comes into the picture. The existing products as I listened to the conference call are only capable of influencing earnings marginally. So there are only two possibilities. One, the one I subscribe to, is that we are seeing a bull market momentum play on NOVL. The question would be how many points is it good for and when does one get out. Two, there is some growth in revenues that we did not suspect that has shown up in February and somebody knows about it. Well I've seen nothing anywhere along those lines. the most i hear is the turnaround based on first profit nonsense. SO I would say study those charts.

To: Don Earl who wrote (20643)	3/5/1998 1:14:00 AM
From: MrBuzz	Respond to of 42771

Built on smoke? Thats like saying everything since 1997 was all for nothing. That was a hard fought war there for your prosperity. Let's not forget those that died before you.. LOL Support level is at $8. Try rolling back one year in data and look at the bottoms.... Novell must stay above the 120 week MA. It passed it as of close today. Anything above $11 to close this week is a great sign. I would expect the shorts to continue to cover at these levels - especially those that got in at $20. That should give us that extra ooomph to sit idle at the $12 range for a while. MrBuzz