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


To: Ghassan I. Ghandour who wrote (22128)5/19/1998 5:47:00 PM
From: Brian Malloy  Respond to of 42771
 
Today's trading only serves to confirm the technical breakout pattern first noted with bullish inflows/volume runup on 11-13 May. Message 4440191

I don't think it is much of a secret anymore. Novell is going to come out with earnings of six cents. The conference call should be an exceptionally good one. Momentum players are moving in. I would look for Novell to quickly hit $13 because of this. Longer term, things are really looking up for NOVL.

I picked up some July 12.50 calls today at 11/16 and smiling like a chesire cat as the Jan2000 @10 crossed and closed solidly above the $4 mark today.

Regards to all