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

To: Spartex who wrote (21110)	3/15/1998 2:33:00 AM
From: Don Earl	Respond to of 42771

Hi Quad-K, I've watched a number of these quick 25% runs in the last year. So far they have been ideal times to take profits for those with enough guts to do a little bottom fishing at the low points. Maybe this time it really will be different and the price will never go down. I'm not psychic and I certainly don't have all the answers. As much as possible I try to stay flexible and adjust my entry and exit points in real time with as much information as I can find. I trade, which is a lot different than investing. I don't always post every transaction I make. Mainly because sometimes I hold the position for less time than it would take me to write about it. I also don't have time to fool around with the thread when I'm busy trying to make money. FWIW, I've held both long and short positions in NOVL in the last week. I've stated on a number of occasions that I don't want any of my comments to be taken as investment advise. I'm often trying to hit trading windows that are only open for a few minutes. I don't have any intention of advertising to any market makers, or other traders that may be monitoring the thread what I'm doing. I don't mind talking about positions that I hold for price targets farther out. The very short term movements that affect day trading are less important to those positions. To a large extent I really don't consider myself to be a bull or a bear. If the stock goes to $4 or $20, hopefully I'll have been making the right moves along the way and have some profits to show for my trouble. I would make a terrible analyst as I tend to be the most bearish at the high points. As of this writing there isn't a single tech stock that I would be interested in holding long over night. That certainly doesn't mean that anybody that does will loose money. I enjoy the exchange of information and feedback on the thread. If it's any consolation, I place a great deal of value on opposing view points, such as yours. I don't think there are too many of your posts over the last few months that aren't based on valid points. As close as I can tell, without a technical background, Novell has good products in a huge growth market. My decision to abandon a long term turn around play is based on the nearly 20 years I spent as a professional salesman. I have first hand experience watching companies with great products go broke because of management that doesn't have a clue about sales and marketing. Novell is a classic example. Schmidt it totally incompetent in that area and hasn't made a single smart marketing move since he took the job, IMO. So who's going to win the Microsoft/Novell OS war. My guess would be IBM. They have the products, name recognition, quality marketing, and they aren't tied up in legal hassles. As you say, it's all speculation at this point. Ask me what I think a couple months from now. Good luck. Regards, Don