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

To: Paul Fiondella who wrote (23738)	9/5/1998 1:12:00 PM
From: EPS	Read Replies (1) \| Respond to of 42771

oh if Hillary could just read the correspondence of the ranging bulls... By: dwiane Reply To #18 by Fiondella Tuesday, 1 Sep 1998 , 12:40 PM EDT Post # of 65 Hi Paul, I was hoping for a public panic this AM. Wanted to buy some GE or LU short term calls for the rebound. Now I'm looking at puts as they reach resistance. GE $85ish, LU around $79-80. Can't believe this is over so quickly. Could kick myself for selling my AMZN puts yesterday. It should go to at least $50, eventually lower. Your tone toward NOVL seems very positive here. Regards, Dwight By: dwiane Reply To #21 by Fiondella Wednesday, 2 Sep 1998 , 11:36 AM EDT Post # of 65 Are you positive on NOVL because of fundamentals like revenue about to explode, profits, new products, etc., or because of the psychology of the market changing toward them? While Clinton has avoided "wars" he hasn't been shy about putting our troops in harms way in places like Somalia, Bosnia, etc. My take is that those escapades can be blamed on the U.N. His hands will be "clean" when something goes wrong. It would be typical of his cowardly persona, if this is true. Dwight By: Fiondella Reply To #22 by dwiane Wednesday, 2 Sep 1998 , 12:14 PM EDT Post # of 65 Is it revenue or market sentiment? I'm positive on Novell because of the way it behaved in the sell off. Although we need a real technical analysis of the charts, the following appeared to me to be happening. Had it broken below 9 1/2 it would have been negative beyond the general 1998 market gain which it lost with the rest of the market, but it held. The volume increased dramatically as the stock moved up in a U shaped curve. NOVL outpaced the market in the rebound. This leads me to believe that NOVL was perceived as a place into which to rotate money. As to revenues, I have noted the marginal quarter to quarter increase. While that is positive on the revenue front, it is only enough to say the compan yhas staunched the flow of blood. However the number of Betas out there, the jumping on the Netware 5.0 bandwagon of both CPQ and INTC, all indicate a strong acceptance of the new NOS vs the reception of 4.11. It remains to be seen whether this revenue increases dramatically and there are many other negatives about NOVL (such as the execs not buying!!!) but I do not think these overwelm a short term buy into the stock. Salah would wait until he actually sees the revenues. He would then buy the stock and get the majority of the gain. I on the other hand beleive that this market will dump money into any stock with revenue growth POTENTIAL. The last two days proved that to me. Novell has some resistance at 10 3/4 on the upside. We need to see it move through 10 3/4 soon to confirm that we are seeing less "buy on the dip" and more buy for the future. ragingbull.com./cgi-bin/boards.pl?board=NOVL