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

To: Serendipity who wrote (20869)	3/8/1998 8:18:00 PM
From: Paul Fiondella	Respond to of 42771

Have a bad weekend Serip? Sounds like you still own the stock. In any case who cares. I don't. If you don't understand what that means I say right on baby. Go with the flow, momentum....or whatever. And don't pretend I gave you any advice to sell at 8. It won't hold up in court. Especially if you ride the stock back down.

To: Serendipity who wrote (20869)	3/9/1998 1:01:00 PM
From: Frederick Smart	Read Replies (3) \| Respond to of 42771

>>For Mr. Smart, I don't think he can or should call price moves. I lost it for him when he could not even discuss analysts reports, while claiming he has access to the best in the industry. What a joke. >> Seren: I only call price moves that reflect my position. Since I am a longer term player in stocks I focus on, I rarely get caught up in the fools game of trying to predict price moves. But if I am tempted to do so, you will find be very black and white as to the direction. When I first got into the business years ago I used to live and breath TA. My boss at the time, the firm's general partner - worth over $200mm - laughed at me for he, too, entered the business the same way, cutting his teeth on Edwards & McGee, doing hand charts, moving averages, seasonals, etc. It took 4-5 years and actually the wholesale theft of all my 10 years of chart books before I switched gears. My 50 years of hard interest rate, dividend, earnings and price data on indexes and stocks was ported over to help start up another good friend of mine who I hired as our research director over 10 years ago: John Hussman - later of Hussman Econometrics - PhD Stanford; full professor at Univ. Michigan. Well beginning in '89 John's newsletter and investment management business was rated #1 in stock selection for three years running through '92. He was Timer Digest of the Year at least 2 or three times. He used many of my indicators, only perfecting them further. John and I still keep in touch, but he, like so many other advisors out there, got bearish prematurely in late '93, early '94. He's cautiously bearish but back on board riding the trend - at least until interest rates turn higher. Despite what you, Paul or anyone may believe, I am not a broker. I run my own business and I am in the industry, but on the professional trading side of fence. If you want a complete record of my "calls' check the record on MFs Novell board or plow through some of my posts here. I did not begin buying Novell in any big way until this past Fall. My long term objective has always been to buy on weakness between $6 and $8. As for discussing analyst reports, I will stand by my position. Yes, I do have access, but will not risk whoring it for others to benefit. You and others can get this with just some minor digging around. As for specific numbers, estimates, etc. I have commented with a lot more depth than a good number of the original negative-on-Novell squad members. Go back and check yourself. I have absolutely nothing to prove to you or anybody on this board. I share my ideas and knowledge because I think there aren't enough people who have worked several sides of the street to know, feel and understand the dynamics of the market. Call me foolish or whatever, but this market will continue to go up until guys like Paul throw in the towel and disappear. I made this same declaration about Novell's short and long term price move higher in the middle of those hot and heavy days last Fall when all the stalwart bulls - from Joe on down were either bailing or preparing to bail. Seren, you came in around the same time. How about sharing more depth from where you sit? The market is like a session on the couch of a psychologist. It forces each holder to ask questions, face their fears and has a very effiencient, if perverse habit of being able to ride arrogance right into the ground. Now, as for what Fred is doing to advance Novell's cause beyond these posts. Well, with the help of an individual - and perhaps others over on MF - I am preparing a mission statement or treatise about the Microsoft monopoly which we will send to as many members of the media and Congress we can find in an effort to expose Microsoft for what it really is: U.S. Technology's Mafia. The microsoft monopoly is slowing down the rate and pace of innovation in the technology marketplace. This monoply should be broken apart, period. This is not about Novell, but the implications are directly across Novell's bow. Call it what you will. I am not afraid to stand up for principals I believe in. I hope some of you - Joe, Paul, etc. - can contribute to the end product. Chuckle, chuckle Joe. "Geezzzz...!" I can see Paul's eyes roll. Forgive me, but its the "Asia thing" Paul. Good luck!