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

To: ToySoldier who wrote (23639)	8/27/1998 11:18:00 PM
From: Frederick Smart	Read Replies (1) \| Respond to of 42771

I'm In Total Shock From the Ferocious Terror Out There!!!! Pure Fiction...... "I confess I was wrong to be so bullish. Wrong to support Novell's turnaround. Wrong and foolish to constantly come back to the well and stay with this market and Novell in particular." "We are all heading to oblivion. The embarrassment of Clinton's example and a total lack of credible world leadership has put us all in jeapardy. I expect the stock market to continue in a protracted decline that will wipe out 80% or more of equity values. We are 6 months away from a recession which will decline into a full blown depression." Golly, I can even scare myself writting such stuff. Now I know why Paul is so negative. Is that good copy Paul? I've saved it just for you. Truth Let's let the smoke clear and regain our composure. I remain committed to this market. The waterfall-reflex action in the move under the S&P's 200 DMA made for a great show. Bearishness is rampant. Cash is high. The pressure on the Fed to ease is growing day by day. From here on out, cheap bandwidth is going to drive and explode everything. Low prices and a memory/chip supply glut that's slowly turning means that technology revs will be fueled by the deployment of digitial IP-packet fusion of audio, video and voice data across these blazing fast and growing integrated public fiber pipes that will be activated. Think of what cheap bandwidth will do to the entire world. Bring us all closer together for better or worse. But we need new leadership that can direct/coalesce a new voice on issues that are just not being addressed right now: security, technology, terrorism, currency policies, the environment, government intervention, global economic policy, world hunger, illiteracy, education. As for the market, we needed the decline to wash out, reliquify and recharge the collective coffers of longs and shorts alike. Churning, burning and turning. That's the way, aha, aha....I like it. Get the terror white hot. Force people to sell, sell, sell. Always proclaim "we are now in a bear market". Fix the mindset. Set the fear. Let it magnify. The CNBC talking heads will do the rest. Cheers Paul! Mr. Market is always right! I know this sounds like Greek to many in this time of terror and uncertainty. But that's exactly when you have to roll up your sleeves and buy. I like the odds for recovery from here on out, but we will bounce to hell and back in the meantime.