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

To: dwight vickers who wrote (21995)	5/13/1998 2:01:00 PM
From: Paul Fiondella	Read Replies (3) \| Respond to of 42771

(OFF TOPIC) The Best Puts Looking at the biggest movers like DELL and the 99 Puts, there appears to be nothing above a $70-75 Put trading. I think we have a good shot at that rally if Greenspan mumbles and fumbles next week. ================ The current NOVL run is quite interesting. Among the small caps some are betting that NOVL can join the rally. Wait until they see the earnings.

To: dwight vickers who wrote (21995)	5/27/1998 9:16:00 AM
From: Paul Fiondella	Read Replies (2) \| Respond to of 42771

(OFF TOPIC) Asia overnight and the market Is it a correction? Or the beginning of something worse, a Bear market. Two things seem to have influenced the current slide in Asia. First is labor unrest at the IMF austerity measures. This took place in Korea and of course Indonesia. But most importantly Russia. In Russia miners in Siberia blocked the Trans Siberian railway, the lifeline that connects the Russian Far east with European Russia. They also blocked numerous smaller rail lines. Virtually all commerce in Russia travels by rail. Coming a few days after Lebed's victory (the candidate in Russia who most represents hatred for the elite) the action ground the Russian economy to a halt. This only highlighted the obvious to investors, that Russia's government lives off IMF loans and cannot pay its bills. Its economy has been dead for 7 years. This caused capital to remove itself from the country and a collapse in the bond market, the principal vehicle for Russian government finance. The ruble came under attack sans Asia. Today Russia raised interest rates to 150%. The immediate cause of this crisis is the the weakening of the Japanese Yen which put pressure on all the other Asian currencies and the labor unrest which highlighted Russsian instability to investors. It was a very big mistake for Rubin not to defend the Yen publically and think he could allow it to sink without consequences. However the Nikkei corrected only 200 points. (Germany went down 2.72%). Its Japan's collapse that will bring the market down alla 1929. So I see this as another intermediate correction as we move toward the abyss.