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


To: Spartex who wrote (22348)5/28/1998 1:15:00 PM
From: Paul Fiondella  Read Replies (1) | Respond to of 42771
 
Here's what I see on the ticker

Beginning about 10:45 a series of 20K's went in at the ask 10 3/8. When the MM's moved the market in that direction there were more at 10 7/16 and by 11:15 they had gotten it up to 10 1/2.

Big blocks offered at the ask, nibbles at the ask, trades at the ask followed by big blocks offered at the next notch up, and so on. Total move about 3/16ths of a point.

Nothing new. No news I could find. (except suing some grey marketer in Utah.) Just the usual market manipulation. Very slight move in the options.

Another round and move up as I post. Nice rebound. Let's see if they dump at higher prices or continue to accumulate.

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Looks like it might move up further since the MM level Two screen is showing a lot more inventory on the upside.