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


To: Spartex who wrote (26564)4/8/1999 10:35:00 AM
From: Paul Fiondella  Read Replies (1) | Respond to of 42771
 
What I learned from my 85 year old aunt about trading NOVL

Last weekend I went back to where I grew up to celebrate my aunt's 85th birthday. My aunt retired at 84.

Until the age of 84 she worked welding small parts together in a factory.

Now if this were China, she would have been hailed as someone for young people to emulate. She was never afraid of work, hard work. But this is America and the lessons I drew from my aunt were quite different. My aunt worked for the money. She liked money.

My aunt employed a very simple strategy in order to keep her place on that assembly line. She would often say to the younger people in their 60's, "you should retire." "This work is too hard for you." My aunt cleaned out that factory.

So when the market makers started dumping NOVL stock over the last few days, I was a buyer. I thank my aunt, because now there is more work for me.