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

To: DJBEINO who wrote (25340)	2/8/1999 12:56:00 PM
From: Paul Fiondella	Read Replies (1) \| Respond to of 42771

Headley, Acampura, Murphy etc. There is this game that is played by the big boys. They sell then they tell you the market is going to get real bad and they buy when you sell. I hear it in these guys. There is no doubt that there will be another, more severe correction out there, based on lower first quarter profits, or on China's inventory glut, or Japan's semi annual report of much worse than expected profits, or Brazil the next chapter and the effect on Latin America, or Greenspan raising rates at the end of March. So why recommend that people buy Leaps? That almost guarantees that you will see one of these events happen and crush you while you are sitting on your options. Unless of course you see NOVL building a base between 22-24 and holding it through all of this. That would be an entirely new range and would make plenty of money for people holding shorter term options. To me the chart says NOVL has to touch 19 today to maintain an unward trend line.