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

To: Don Earl who wrote (20699)	3/5/1998 8:29:00 AM
From: dwight vickers	Read Replies (3) \| Respond to of 42771

OFF TOPIC Speaking of which......... Maybe this isn't the best of all worlds, huh? Funny what always follows the best of all worlds is--disappointments? However, I have to say that there is always the possibility that this will truly be another buying opportunity. Every drop has been followed by new highs, this time may be no different. The danger is that with the S&P at an unprecedented 26 times earnings, the risk lies on the downside longer term. One of these tops will be the final top. One of them won't be followed by new highs for a very long time. Anyone willing to state definitively that this will or will not be that top? Maybe the person who just discovered technical analysis and gave us the wonderful tutorial? (Nothing personal---all opinions welcome) I will resist gloating (as some do) over short term moves, since what Paul and I have been warning of will only be determined over the VERY long term. Not with daily, weekly, or even monthly moves. Dwight

To: Don Earl who wrote (20699)	3/6/1998 2:01:00 AM
From: Marc Newman	Read Replies (1) \| Respond to of 42771

Hi Don, Don't worry, everything here on SI is always FWIW, FWIW, FWIW! I don't consider your posts as giving advice--rather, I just appreciate your good, sober analysis. The new Motorola and 3Com problems just give more credence to what the bears have been saying. Should be an interesting month. I'm glad I stayed bearish today despite just about every stock rising from where it opened today. (Sidenote: Apparently people who tried putting in market orders for Apple at the open got filled almost a point higher.) The volume in NOVL has stayed exceedingly high but I think some real pro daytraders are involved. Some of these guys account for fifty 1000 share trades a day. Just twenty of them would equal a million shares so imagine what a hundred daytraders who have picked NOVL as their stock du jour can do to the volume. I wonder how many shares of a typical NASDAQ stock's daily trading are from traders vs. investors. Any guesses? Best, Marc