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

To: Dieter Koerner who wrote (23267)	7/29/1998 5:14:00 PM
From: Spartex	Read Replies (3) \| Respond to of 42771

Dieter: <<The market is still a gamble, even though the odds are better than the power ball.>> That's for sure! I tried to play the previous record powerball pot to no avail (am I surprised?..ggg), and am now wondering in hindsight if I should had sold some NOVL in the mid-13's and used the gains for the current $250 mil+ game -- naah, but a vacation would have been nice. Well, I still have followed the "buy dirt cheap" philosophy, although those averaging up into the 12.5+ range may be scratching their heads too. Hopefully this Martin Biggs "secular bear call", Asian clouds, weakening earnings front, and Lewinsky immunity deal won't cause a more severe selloff in the markets. But one never knows, this thing could slowly grind out for another 2-3 months. Making money on Wall Street searching for undervalued, turnaround stocks is a tough process, I agree. But the gamble is reduced when one is patient and has done due diligence before picking the bottom. The question for Novell is how much further this set-back will go before Novell regains upward momentum. I think us bulls all hope that the wait will be just around 2-3 weeks. Nonetheless, I remain humbly long. Fundamentals are still strongly intact. Regards, QuadK