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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: tony 890 who wrote (36)4/6/1998 12:12:00 AM
From: pezz  Read Replies (1) of 203
 
Tony, I think you are right about that . It hasn't been in this base very long but I think its already sold out at these levels [famous last words].The stock was very resistaint to any pullbacks at these lofty levels, very impressive, strength begets strength I think.
Some stocks respond better to earnings than others and I think this could be one of them. If we get two good earnings reports in the next 4 months or so [ mainly revenue growth] I really think we would be sitting on a home run here. I would like to buy some more Mon. morning but more than any fear of the stock itself,
this market has me more than a little scared .Where are the bears?? I hate it when everyone is so dam bullish I wish CNBC would shut up about the inevitably of Dow 9000 .I'm pretty heavly margined as it is and would hate to lose some stock if we get a nasty break here.Oh well no guts no glory I guess.
pez
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