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To: Spartex who wrote (107966)3/7/1999 11:10:00 AM
From: Frank Ellis Morris  Read Replies (2) | Respond to of 176387
 
>><I feel sorry for suckers who will buy monday morning..>>Funny that you mention feeling sorry for "suckers" buying on monday (e.g. NO stock), then in other posts you mention thinking about "buying" yourself<<

I have to agree that the story being on the front page of Barrons is a piece of sensational journalism to say the least and tomorrow morning there will probably be more people in line to buy Novel then who stand in line to purchase a lottery ticket. It should be up about 10% or so for the day. We do not have any economic news on the calendar for tomorrow so if there is not profit taking because of the hugh run up in the dow over the last couple of days there should be a good response to the article about Novel.

Frank



To: Spartex who wrote (107966)3/7/1999 2:36:00 PM
From: Sonki  Respond to of 176387
 
qk, both r true statements. just like people who bot ibm on a $9 gap up. When i read barron's i almost feel like doing the opposite. if i were a trader i would sell first thing in the morning on a gap up
and know that i could buy back later.
nothing ever goes straight up
when i think of buying a company i buy cuz fundamentals look good for
a very long term 12-24 months out. some times i wait for 3months and even a year to buy. (incase of GE, bot in oct 98 and had to wait for almost 9-12 months.)

if i am going to buy something for a long term then i do not mind waiting a long time.
as for NOVL, I never had a chance to look into it. I like the ceo and should have known he would turn the company around.