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

To: E_K_S who wrote (20662)	3/4/1998 8:02:00 PM
From: Joe Antol	Respond to of 42771

Hi EKS: Yes I saw the MSFT/GMAGIC item today. Interesting, to say the least. I thought GMAGIC was having many, many problems. Should be interesting.

To: E_K_S who wrote (20662)	3/4/1998 8:49:00 PM
From: Don Earl	Read Replies (1) \| Respond to of 42771

Hi Eric, Hard saying if it is insiders at all. A person could have 15 million shares of NOVL without meeting the 5% filing requirement. To my knowledge there is no way to tell if block trades are buys or sells. I called my broker to ask if there is a way to figure it out. They told me it was next to impossible, as those kind of orders can go across in either direction on the bid or ask. A merger would be the only thing I could think of that would cause that kind of action IF it is buying. I find it almost impossible to imagine anyone loading up like that if there were a merger in the works without the SEC coming down on them like the wrath of god. That's the sort of thing that causes the feds to take away 3 times any profit, with long unpleasant stays in confined spaces thrown in for good measure. I can't find any kind of form 4 buying anywhere, although it probably wouldn't show up for awhile if there were any. The strange part is that these big chunks didn't start showing up until AFTER the news of the law suit. I don't really think Apple and Novell would go together. Netscape is the only one that ever sounded at all reasonable to me, but if something like that was in the works would Novells lawyer and book keeper be selling their stock? The start page on SI has a big article on Netscape insiders dumping also. The only thing I can say with 100% honesty is that I don't have a clue what's going on. To kind of catch two posts in one I don't know what after hours action looks like on NOVL. The NASDAQ site mentions techs in general getting hammered pretty good. I'm sitting on a portfolio of nothing but shorts and puts, which has been making me sort of miserable the past few weeks. Maybe I'll come out of this goofy market with some skin left after all. Regards, Don