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

To: Frederick Smart who wrote (22729)	6/17/1998 8:23:00 AM
From: Paul Fiondella	Read Replies (1) \| Respond to of 42771

Actually Fred you haven't read my posts closely "I'm short ---- NOVL. On the theory that no stock can resist a market collapse on the rumor of a turnaround." I'll stand by that remark. Of course you have to have a market collapse for it to be true. As you can see Fred I stay up quite late watching the Asian markets. I'm not alone in doing so. Soon someone here in New York will open a special club on Wall Street for the gathering late night crowd. To refresh your memory, my investment position is as follows. Short term Calls (of which NOVL is one), Long Term Puts, plenty of cash (you may recall I got into Treasuries at 6% not 5.64%), and gold as a hedge. That's the plan, sorry about those Bears and Bulls.

To: Frederick Smart who wrote (22729)	6/17/1998 9:30:00 AM
From: Don Earl	Read Replies (1) \| Respond to of 42771

Hi Fred, Actually, my point was more that NOVL could be a dangerous short right now. Could be a dangerous long play also. The market has gone so completely random that the easy calls are a thing of the past. You can see the short covering rallies moving the stock price but the moves are mostly sense free. I've seen a lot of stocks tank after announcing share buy backs. Everyone thinks the jump in volume is the company driving the price up with mass buying but most of them wait until the news dies down before they start. Not always, but I've seen it happen often enough to be skeptical. Anyone like chainsaw Al for a COO. I understand he's unemployed at the moment. Regards, Don