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

To: Paul Fiondella who wrote (26278)	3/25/1999 10:32:00 AM
From: Spartex	Read Replies (2) \| Respond to of 42771

<<This is the first dramatic up move in months and it is not good news. >> Why, since NOVL has moved up so fast, some are shorting it maybe as a hedge on their long position? Or, they believe NOVL doesn't belong above $25-26 a share. If/when more buyers come in, someones going to get hurt. Also, volume of NOVL has grown from the 4-5 mil average in Feb, to now 6.5 million per day. Stocks getting much more liquid, and so there's more room for shorts to play into this tug of war (long versus shorts). I'm not alarmed.

To: Paul Fiondella who wrote (26278)	3/25/1999 11:30:00 AM
From: Phil Jacobson	Read Replies (1) \| Respond to of 42771

I don't think the short increase is concerning...it has to be related to short term trading because we're confident the fundamentals are intact. Remember the increase would have had the effect of increasing selling pressure during the time the stock was rising to 27+ so eventually it should cause a short squeeze. Re: I-Chain, yup, that's up my alley all right. Already noodling how to get it into our plans. I don't think there's a demo of it here, my understanding is the news was an intentional leak. All the Novell people I've talked to were quite surprised to see the announcement, which actually was a news story, not a press release. Phil