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

To: M. Carver who wrote (94)	8/4/1998 10:53:00 PM
From: J. DANN ADAMS	Read Replies (1) \| Respond to of 203

Do you believe this? I picked more up at $ 11.25 , tried like hell to get it under $ 11 but MM kept raising the ask even at the close when selling on Dow and Nasd. was brutal. AT 13 times earnings I can sweat it out, as long as sales remain strong and earnings are accelerating. The problem is this market has turned and all of a sudden we have a number of stocks that look significantly oversold, including DAVX at $ 11, & ANLT at $ 24.5, which we know exceedingly well. Running out of money myself Carver and be prepared this is not your typical bounce back DOW, we may be in for LONG wait ( 4-6 months). So what did PR tell you, they were in NY right ?