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

To: pezz who wrote (181)	3/23/1999 8:58:00 AM
From: Michael Donahue	Read Replies (1) \| Respond to of 203

Pez Good points. Based on recent price action the street's expectations may be coming down however I have not seen any downward revisions. I can't say what earnings will be but your friend may very well be right. Something is driving the price down and until the last few days the volume seemed light. I also looked at a price chart for DAVX and it went through a similar experience in the past year or so. Topped out in high 20's post split, low to mid 50's pre-split and then missed a quarter or two as earnings expectations continued to grow and fell to a low of 5 or 6. People who follow this industry may also remember that and may be concerned about the same thing happening to MELI, which is what appears to be happening. Sort of a self fulfilling prophecy. Unfortunately, only time will tell how this will play out. All I know is its very dangerous to try and catch a falling knife. MD