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

To: dwight vickers who wrote (20832)	3/8/1998 8:15:00 AM
From: Frederick Smart	Read Replies (2) \| Respond to of 42771

The Fat Lady Hasn't Sung Yet.... Dwight: I agree wholehardedly with some of your points. >>But with the market at these levels any amount of selling makes massive amounts of liquidity evaporate.>> What are you talking about?? Liquidity is always out there - for a price. Just depends on the price one is willing to pay. If the market perceives/internalizes danger then the price is very steep as we saw last Fall. The real thing to understand is that such a price is usally paid by those with weak hands. Strong players collect that "price" - weak players pay it. It as simple as that, period. >>That's where I see the danger. A loss of confidence over Asia, Zippergate, the economy, higher interest rates. Many dangers.>> Yada, yada, yada. Just make a call. When will it turn. Stick your neck and money out and then tell us. It's a lot easier to talk about the market being high. >>Once it starts it will be hard to stop.>> Agree, but when will it? Even a normal bear market could cause it. There is so much of the average persons assets tied up in stocks that we may need no other problems.

To: dwight vickers who wrote (20832)	3/8/1998 12:57:00 PM
From: Jack Whitley	Read Replies (1) \| Respond to of 42771

<<Even a normal bear market could cause it. There is so much of the average persons assets tied up in stocks that we may need no other problems.>> The Japanese people have historically saved a higher percentage of their income than any other country, and largely put it in savings accounts in their banks. Contrast the American people, sending money into 401-ks that effectively by-pass the banks and goes effectively straight to benefit our equity/capital markets. Which country's economy and financial health is in better shape currently ? jww