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Technology Stocks : Melita International (MELI) -- Ignore unavailable to you. Want to Upgrade?

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



To: J. DANN ADAMS who wrote (54)4/30/1998 11:12:00 PM
From: tony 890  Read Replies (1) | Respond to of 203
 
Dann, I can't figure this one. I let some go around high teens, still have some. It's right back to about where it started the good move from. I'd say there was alot of selling with no support at all on the way down. I think it's either gonna start movin' up pretty soon or, they get the rest of mine. I really like this co. but I ain't plannin' to marry it! Later, tony
BTW, TECD doin' nicely for you.


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