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

To: Paul Fiondella who wrote (22310)	5/27/1998 11:54:00 AM
From: Al Stutchbury	Respond to of 42771

On Monday May 18th the June 10 calls opened around $1.25. The stock was at $10.50. The stock got up to 11.75 before the earnings. You could (obviously) get the same effect by buying stock & then shorting. I like the limitted downside with options in case I'm dreadfully wrong. I agree with your overall synopsis of the market. Dumped my positions last April. How much longer can the extensive asset depreciation be restricted to Asia ? Pretty scary sh*t if you ask me !!!