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

To: Spartex who wrote (22559)	6/8/1998 11:33:00 PM
From: ToySoldier	Read Replies (2) \| Respond to of 42771

As much as I would love nothing better than to see NOVL keep climbing beyond todays close, I think it will retract back into the $11 range. Remember Quad, I said the average trading range would be in the $11s. These peaks and last week's dips are temp. I was pretty weird how the stock flew so high and with such volumes (4 times normal volumes) a full day after the stock buy-back announcement. When July-Aug comes we should see average trading ranges of $12-$15 but I cnat see these levels yet. But, this is the stock market, anything can cause a stock to go at any time. Maybe the big money investors have finally got the NOVL Recovery bug earlier than expected. Anyways - look for this stock to eventually settle into the $11 range again. (I hope Im wrong). Toy