Melita International (MELI) Message Board

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Technology Stocks : Melita International (MELI)

MELI 2,153

-6.4%

11:18 AM EST

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To: J. DANN ADAMS who wrote (54)	4/30/1998 10:55:00 PM
From: pezz	Read Replies (1) of 203

Dann,the stock traded 430,000 shs in about 5 min today .It has been under pressure for quite a while now I hope this was the culmination of a very big seller finishing off his or her position.Remember funds own 45% of the float on this stock and if one chooses to unload they will push the stock lower untill they find a buyer. They may still have some left but must be at least close to being finished. Hope to see a rally when the pressure is finished.After all these are very attractive prices ,bought some more at 13 1/4 today. pez

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