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

To: dwight vickers who wrote (22692)	6/15/1998 4:05:00 PM
From: Paul Fiondella	Respond to of 42771

DOW down 208.01 --- NASDAQ down 29.43 --- NOVL even at 12 If Japan closes down tonight another 2% or worse, I wouldn't want to be long the market tomorrow. In fact I'm short ---- NOVL. On the theory that no stock can resist a market collapse on the rumor of a turnaround.

To: dwight vickers who wrote (22692)	6/15/1998 5:17:00 PM
From: Spartex	Read Replies (1) \| Respond to of 42771

Dwight: Hmmm, well, at least NOVL has a 1998 P/E of only 48 with this years consensus of 25 cents earnings. No wonder no one is heavily selling it off at this point, as next year looks 40+ cents....;) Regards, QuadK

To: dwight vickers who wrote (22692)	6/15/1998 11:55:00 PM
From: Don Earl	Read Replies (3) \| Respond to of 42771

Hi Dwight, Paul, Victor, Appreciate all the feedback. Lots to think about. I still can't figure out why Asia is a crisis one quarter, then it isn't, then it is. The Heng Seng has been dropping like a fat rock for months, now all of a sudden it's a big deal. The yen goes down and the Nikkei gets hammered. The dollar goes up and the dow gets hammered. At a certain point I get the feeling that the news is nothing more than wild ass guessing at things they don't have a fuzzy clue about. Kind of kicking around a short play on NOVL. There's a possible 15 month long double top forming, but no confirmation. There wouldn't be anything to hold it down if it breaks out at 13. Regards, Don