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


To: Paul Fiondella who wrote (23065)7/16/1998 11:03:00 AM
From: Dieter Koerner  Read Replies (1) | Respond to of 42771
 
Hi Paul,
I value your opinions, well, sometimes. Lately you seem to be bitter for whatever reason.
Paul, go away from the screen for a few days, smell the flowers, listen to the birds and the bees, it will do you good.

Regards, Dieter



To: Paul Fiondella who wrote (23065)7/16/1998 11:58:00 AM
From: DavidG  Respond to of 42771
 
Paul,

Apology accepted. I think yesterday had a lot to do with options expiration, but specific to NOVL, IMO the 5.0 release will probably do to NOVL what WIN98 did to MSFT...rightly or wrongly.

From a technical point of view, being above the 200DMA and making a 2 year high is very bullish. One can not ignore the trend.

13 was a resistance to NOVL and when it finally broke it, it seemed to slingshot through it. The catalyst at this time is not important to me, just that it happened. I now see 13 as something of a support so I do not expect it to easily drop below it.

Good Luck Trading

DavidG