Melita International (MELI) Message Board

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Technology Stocks : Melita International (MELI)

MELI 2,301

-0.3%

3:59 PM EST

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To: Elvis Jones who wrote (100)	8/11/1998 1:22:00 AM
From: pezz	of 203

Duke,strange but it seems that MELI already had most of the damage done by 12:30 [down about a point on the bid] and the news came out at 1:06 [business wire].On the other hand DAVX really didn't make it's move until well after the news came out.Not much volume on DAVX either.Dam,but good news doesn't seem to help and bad news no matter how minor always hurts.DAVX has poor earnings,MELI goes down.DAVX gets a contract [meaning better earnings]MELI goes down.I guess we hadn't quite shaken out all the weak sisters just yet.Maby now. pez

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