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

To: Paul A who wrote (23596)	8/24/1998 8:49:00 PM
From: Costa Kapantais	Read Replies (1) \| Respond to of 42771

Microsoft backpedals on NT 5.0 computerworld.com Microsoft Corp.'s main evangelist for its highly anticipated Windows NT 5.0 operating system is now taking a step back and trying to rein in user expectations.

To: Paul A who wrote (23596)	8/24/1998 10:41:00 PM
From: DavidD	Respond to of 42771

You point is well taken, but here is my take on it: Well, I guess the "money on vacation" concept results from the below average volumes. People are somewhere other than the office. And when you manage a $2 billion portfolio with 200 companies it's hard to say, "hell, let's sell." You need to sit down with your staff or co- managers and work out your strategy. I just got back from a vacation in Colorado at my dads place. He has a PC and all my software is loaded on it. I watched the market every morning for about an hour, made three trades all week. Once I went outside, I never made it back to check on prices until after the close. That's just MHO.

To: Paul A who wrote (23596)	8/24/1998 10:47:00 PM
From: Paul Fiondella	Read Replies (2) \| Respond to of 42771

(Off topic) Just to set the record straight "Paul, again- no disrespect but I must remind folks that last year about this time you were VERY vocal about the situation in Asia.. I need to go back over those posts and remind myself of the outrageous predictions that just never came true." By all means go back and read the posts. First they were not predictions, they were economic analysis. From the point of view of economic trending they were spectacularly on target. I haven't gotten less convinced over the past year I've gotten more convinced we are headed for a more spectacular collapse than 1929. But rather than discuss what you'll find out about in due time anyway I'd rather set the record straight on investment strategies. I noticed you sold today on your fears about doom and gloom in this market. Had the S&P Futures held their negative bias this AM I would have sold too. The financial crisis has forced the following discipline upon my investment strategy. First I avoid being long at all cost. That means if I am tempted to go long on a stock I try to buy an option instead. I don't want my capital crunched in a surprise. Second I have most of my money in MM accounts --- cash. Third I have a gold hedge against the possibility that trade imbalances, or an Alan Greenspan blindsider hits the $$$. I have been hoping that we would see a last Bull market rally that would take Novell into the upper teens. But time is running out on that scenario. I figure if we do not see Novell take off between now and the week after Labor Day as a favored play in a tech stock rally then one of these Yeltsin disaster type of news days is going to punch a hole in even my limited options holdings. To be long in this market is to regret having only one pocketbook to give for one's poor understanding of market history. ---------------- By the way normal people on vacation do not concentrate on their investments. They tend to leave them in a safe sold/hedged position before they go away. In New York everyone is on vacation the last two weeks of August before Labor Day or until they have to get the kids ready for school. The week after Labor Day is about the limit for a rally in my book. Then again everyone's investments are different.