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

To: Kerry C. Smith who wrote (24121)	10/30/1998 10:47:00 AM
From: Roger Lagerquist	Read Replies (1) \| Respond to of 42771

Who knows why a vice president would sell his stock? There have been times when $2 million cash would have brightened my day! If the VP sells at the peak we accuse him of being "greedy" and trading on inside information. If he sells below the peak we accuse him of lacking confidence and being disloyal. It must be tough to be a vice president.

To: Kerry C. Smith who wrote (24121)	10/30/1998 1:31:00 PM
From: dwight vickers	Respond to of 42771

I hate to see insider selling myself, especially when major insiders, like Schmidt himself, have never bought a share. Obviously a lack of open market buying doesn't keep a stock from going up. Conversely, insider selling doesn't mean a stock is going down, at least not immediately. Can't time a stock by insider actions. If so Dell, MSFT, AOL, and lots of others would be trading in single digits. My own opinion is that the sale by Heinz is an aberration. Darcy Mott, the treasurer, sold 18,000 shares (leaving her with 11,000+) three days earlier. David Bradford, corporate shyster, sold 2,000 shares (15,000 remaining), six days earlier. They've both been regular sellers, including at much lower levels. Other than that, recent selling hasn't been endemic. Insiders are profit takers, especially when they have lots of options that can be exercised if the stock continues upward. Mid September also was a time that it appeared the world was coming to an end, financially. They probably sold NOVL stock to buy some gold coins. Dwight