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


To: EPS who wrote (22008)5/13/1998 5:16:00 PM
From: Spartex  Read Replies (1) | Respond to of 42771
 
Victor:

Yeah, while a homerun would be great, I'd be very happy with a double (few cents over consensus). Nonetheless, nothing like an upside surprise for the ones that have been so patient over the past year. I'm very excited about the 3-6 month outlook though.

I believe short interest actually dropped from 10.5 mil to something like 8.8 mil last month, but we should find out what the short interest update is after May 15. Those shorting at 10-11 may have to pay the price later after earnings. Either way, I believe that what will move NOVL's price more is the good news on the company's progress than the covering by the shorts. But shorts don't hurt this progress <s>.

Still humble,

QuadK