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


To: ToySoldier who wrote (25831)3/6/1999 3:05:00 PM
From: BigJC  Respond to of 42771
 
From a trader's standpoint,

What are some other examples of a rosy Barron's cover doing to a stock currently trading around it's alltime high? What will the 1-minute chart look like Monday?

(My guess: delayed opening with GAP UP about 2 points, quick steep rise another 2 points, retrace to top of gap or slightly below, then steady uptrend for the rest of the day to about 24 - we'll see if I'm right - usually the "buy at market on open" guys get raped and fed to the street)

One more comment - pretty damn good secret-keeping job on a lot of people's part - up only 1/16 on Friday on a HUGE overall market day. Wow!