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


To: Rich Young who wrote (20991)3/12/1998 4:09:00 PM
From: Spartex  Read Replies (2) | Respond to of 42771
 
Don, Rich or others:

I'm still trying to get an opinion by y'all on what these 50, 100 and 150K blocks that are "purchases" of NOVL means. Looks very bullish to me IMO, and I'm wondering if this accumulation foretells a nearterm or more a longer term share price rise for NOVL? Granted a 100K block of NOVL only equals 10K of IBM ;)

I know you fellows are bullish, but if you could just take a neutral stance assuming this is going on with XYZ company.

Thanks for your thoughts.

Quad-K



To: Rich Young who wrote (20991)3/12/1998 4:18:00 PM
From: Don Earl  Read Replies (1) | Respond to of 42771
 
Hi Rich,

Or yesterday where an order wouldn't go through for 5 minutes, then all the bids would go at once, or all the asks after the price moved one way or the other. With the recent volatility, they're trying to shake loose some day traders. It also looks like they're intentionally trying to muddy up the patterns. Most of the stuff they are doing looks to me like the sort of thing that lands MMs in jail but it's funny how greed can over ride common sense when large sums of money are involved.

Regards,

Don