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


To: Nikita who wrote (164)1/5/1999 12:34:00 AM
From: M. Carver  Read Replies (1) | Respond to of 203
 
Nikita,

Check out the previous post from pezz (good update from the company). From pezz's note, the company seems unconcerned (a good sign). The comment that they were even considering a "pre-release" everything is OK statement is strong in itself.

My best guess is this is nothing more than some healthy profit taking after the stock has doubled over the past few months -- perhaps some people just itching to take gains once the new year kicked in.

I am going to watch closely.

Mark



To: Nikita who wrote (164)3/19/1999 2:57:00 PM
From: M. Carver  Read Replies (3) | Respond to of 203
 
Nikita,

Back on Jan. 4th, when Melita went down 3 1/2, you asked if this was a buying opportunity (and it was, the stock went from $17 to $24).

Today the stock is down 2 1/2 (so far) on no news I can find. Price is down to $11.25. I called the company and they said they are scratching their heads (no explain why the stock is dropping) and they have no news to account for it.

I think this is a buying opp. as well and I bought more. Any other thoughts anybody? Does someone know something we don't?