Melita International (MELI) Message Board

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Technology Stocks : Melita International (MELI)

MELI 2,301

-0.3%

Nov 5 3:59 PM EST

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To: J. DANN ADAMS who wrote (19)	3/22/1998 12:20:00 PM
From: tony 890	Read Replies (1) of 203

Dann, I've been trading for a # of years and can only go on past experiences. The behavior of certain stocks set them apart from the rest. I"m talking about, volume, accumulation, weakness after moves up, chart pattern, etc. This one RIGHT NOW looks like a home run! It just keeps having higher highs and higher lows, and that, my friend ,is what you have to be aware of. I have two positions in MELI. One I keep and one I trade. I decided last week I would no longer try to trade this one. (Just had to keep buying back at a higher price.) Where's it going? IMHO, I would not be suprised to see it between $35-$40 within 12 mos...depending on ther overall mkt.action, of course. That's my feeling about it right now. Hope this helps.

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