Is it good idea to buy novell stocks now, looking at the big drop in after trading market it looks like it?

Question

is going to increase a lot tomorrow.

Answer 1

New management is getting a handle on the business. I have no doubt it will be going up because they will be working harder at things that make them money, but now?

I would consider betting someone else's money, but not my own until the trend is clear.

Answer 2

The company has an extremely high PE of 186. It is trying to sell something that most people want for free (Linux). I am confused about how they make enough money to justify their PE. I would look elsewhere. I just bought ENER - they make the batteries that go into hybrid cars.

If you want investment ideas, see what the best traders are buying and selling and why at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Good luck.

Answer 3

Novell is not longer relevant as a technology so I would not waste any time with Novell. There are so many other places where you can put your hard earn money, see http://ibooyah.com investment matters for some recoomendations and ideas. Best of Luck.